The Uncertainty of the Economy

The Fed's got a bad track record of trying to stop that growth in unemployment as well. In 11 of the 12 times when unemployment rose by a 4 percentage point, the unemployment aggregate went on to rise by another 4 percentage point after that as well. You have a collapsing money-driven demand and we're funded on this monetary economy. If you're reducing the level of money creation, you're going to cause aggregate demand to fall. And I would rather be reducing amount going to the financial sector, and then improving the amount of money going to workers and businesses,.