Answer: “I worry about the coming recession and whether the government has the right tools to fight it.” Yesterday, the Financial Times spooked me (the article is behind a paywall so I can’t link). Hope in New Old Ideas-- Job GuaranteesSome politicians are searching for new/old ideas – one is a federal job guarantees – the government would guarantee a job to every adult American who wants one. If pulled off, federal job guarantees would eliminate the worst effects of unemployment. Don't like job guarantees? Doubtless we will rely on garden-variety recession- fighting tools -- automatic stabilizers, adhoc fiscal spending -- but we will need more.

Source: Forbes December 15, 2018 17:12 UTC