Boring nerds for a boring economy
I have been using that graph a lot lately (without your arrows). It is very instructive on how long it will likely take (at a minimum) to get us back to full employment. I expect we will see a smaller initial drop, but will still end up around 7-7.5% within 4 years. It is simply unreasonable to think that we have some magic bullet that will cause unemployment to drop to 6% in 2-3 years.
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