The fed talks about interest rates, price stability, and maximum employment which is great. However, economic policy needs to include personal responsibility/ responsibile choices. We can have the best economic policies in the world but if certain people constantly make the same irresponsible choices in life, they need to addressed. Economic policy seems to overlook that fact and certain communities suffer because of it. Whether its crime or no family structure, proper economic policy needs to encompass these important issues. These issues also affect companies which in many cases need to close down or relocate due to escalating crime( Walmart, Home Depot, CVS). That in itself can have a negative affect on employment and actually be inflationary.
I would be interested in hearing what the fed has to say about this.
I would be interested in hearing what the fed has to say about this.
