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Why central bankers want higher unemployment

The David McWilliams Podcast

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Where Are the People Go?

The world is a 2% inflation rate target. That's, again, it's like the generals fighting the last war. You will not get back to 2% rate of inflation unless you find a massive amount of unemployed workers somewhere and put them back into the jobs market. Where are the people gone? It's all since COVID. Everyone down tools and working from home or whatever, we shot the economy down. Now we're opening back up but it's going to take time,. obviously, with supply chains and all of us.

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