It is not “necessary.”
Government should be reducing its outlays for its overspending and false inflation of markets, rather than having now unemployed people bear that burden.
“Government should be reducing its outlays for its overspending and false inflation of markets, rather than having now unemployed people bear that burden.”
That’s exactly what the FED is forcing. The cycle will take place like always, deal with it. Recessions mean a temporary rise in unemployment, always. Recessions happen periodically if you haven’t noticed.
The Unemployed are unemployed by choice. In my town in NE Florida, every store, every restaurant, every gas station has Help Wanted sign posted prominently.