It’s a Conspiracy — Not a Theory

What a “healthy” or “normal” level of unemployment is to capitalist economists is neither healthy nor normal to those who are currently unemployed.
Quotes within the article:
1) “An unemployment rate of 5% to 6% is typical of a healthy economy.”
2) “Most economists also say that if the Federal Reserve sought to lower unemployment much further, the economy could overheat and ignite inflation.”
“if” (and that’s a big IF);
“could” (calls for speculation);
“ignite” (surely inflammatory speech);
“inflation” (depends on whose ox is gored)
3) “U.S. policy-makers are supposed to strive for “full employment” under the Employment Act of 1946. That law defined it (full employment) as an unemployment rate of 4%.”
(4% unemployment = full employment!)
4) “Today, most economists including Fed Chairman Ben Bernanke, define full employment as between 5% and 6%.”
(which redefines “full employment” once again!)
Although the article clearly states that the Employment Act of 1946 defines full employment as 4%, this can’t be verified online!
This entire article reiterates and substantiates the existence of The Twentieth Man as the cornerstone of the real U.S. economy.
From 1946 to the present – for 66 years, the Democrats and Republicans have conspired to maintain, to the detriment of the common people, a surplus of labor above 4%. Oddly, the rationale for this conspiracy is based on a mere theory; the theory of what terrible things might happen if they ever allowed full employment to occur; an event and circumstance that never actually happened before in the whole of U.S. history.



About The Twentieth Man

Age 67
This entry was posted in Human Sacrifice, The Twentieth Man, Uncategorized and tagged , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.