Interest.co.nz on Nostr: No more recessions? ========== Patrick Watson argues that the potential for mass ...
No more recessions?
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Patrick Watson argues that the potential for mass unemployment is lower than it used to be, raising questions about the possibility of future recessions. He points out that the demographic balance is shifting, with a shrinking ratio of working-age to elderly Americans, resulting in a chronic labor shortage. This structural change in the labor market may make recessions as conventionally understood less likely. Watson suggests that the Federal Reserve's traditional tools may not be effective in combating future economic crises. He emphasizes the need to consider alternative approaches to monetary policy.
#Recessions #Unemployment #LaborMarket #FederalReserve #MonetaryPolicy
https://www.interest.co.nz/economy/127370/patrick-watson-reckons-potential-mass-unemployment-lower-it-used-be-so-wonders-if-us
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Patrick Watson argues that the potential for mass unemployment is lower than it used to be, raising questions about the possibility of future recessions. He points out that the demographic balance is shifting, with a shrinking ratio of working-age to elderly Americans, resulting in a chronic labor shortage. This structural change in the labor market may make recessions as conventionally understood less likely. Watson suggests that the Federal Reserve's traditional tools may not be effective in combating future economic crises. He emphasizes the need to consider alternative approaches to monetary policy.
#Recessions #Unemployment #LaborMarket #FederalReserve #MonetaryPolicy
https://www.interest.co.nz/economy/127370/patrick-watson-reckons-potential-mass-unemployment-lower-it-used-be-so-wonders-if-us