China launching gold back global currency

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How about a balanced Federal budget instead?

After we get back to something approaching full employment? Then it might make sense.

That isn't going to happen again in the US. Not wihtout a severe change in policy of several variety. So, never.

For the purposes of this discussion, let's define full employment as a U3 of 5.0%+/- and a U6 of 10%+/-. Is it your contention that we'll never return to those numbers?

 

[TakeAStepBack]

In my opinion, not without serious policy changes, no.

Those changes seem to be not even part of the discussion from either side of the aisle in politics today. Well, some of it is talked of in the republican platform. The problem is they are all talk.