I see that the high muckety-mucks of monetary and fiscal policy are in an uproar about Federal Reserve policy. Is there too much money being shoveled into the economy? Is there too little? If the Fed decides to reverse course and tighten money, what is the best means to do it? Interest rate rises? Reverse repurchase agreements with banks? (I won’t bore you with what those are. I’m not sure myself anyway.)
But as to me, I don’t see a lot of inflation except in luxury goods and groceries, and who needs groceries, so let’s not worry about that.
And I am not wildly concerned about unemployment. As far as I can tell, almost anyone with minimal skills and a willingness to pick up and move to North Dakota or Midland, Texas, can get a job. The real problem is an acute shortage of skilled, energetic workers except in very rare cases.