I completely agree with Dr. Siegel that the task of the government should be providing the "framework" (i.e. low inflation) and not to provide jobs. Amazing that anyone could think differently and try to sacrifice the currency at a time when interest rates have been limping behind the the rates of money supply already for years.
It's quite interesting that the reader posts below the original article point to such a widespread awareness of inflation. If this thinking were present in the general population, lowering interest rates might indeed not go as unchallenged as widely assumed.
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I completely agree with Dr. Siegel that the task of the government should be providing the "framework" (i.e. low inflation) and not to provide jobs. Amazing that anyone could think differently and try to sacrifice the currency at a time when interest rates have been limping behind the the rates of money supply already for years.
It's quite interesting that the reader posts below the original article point to such a widespread awareness of inflation. If this thinking were present in the general population, lowering interest rates might indeed not go as unchallenged as widely assumed.