U.S. Jobless Rate May Soar to 30%, Fed’s Bullard Says
Here&#x27;s something I&#x27;ve been thinking about for a few days.<p>Suppose the government does a massive bailout of everyone. They guarantee jobs, they give everyone money so they don&#x27;t run out.<p>And it works. In a few months from now, the economy turns out to have just hit a speed bump and everything is back to how it was.<p>What does that say about the economy? I mean if we can stop working and basically just lend ourselves money, and we&#x27;re fine, what else is fine?<p>Why don&#x27;t we borrow some money to fix climate change?<p>What about poverty, why would that exist at all?<p>Should we have a reckoning with all the people who said austerity was a good idea?