WWII brought about full employment based on huge govt spending. By the end of WWII the USA had a debt greater than 50% of it’s GDP. Historically speaking, we could go there again. The Fed is trying every trick in the book to get money moving, but it aint working….so if they cant get the private sector to spend, then they’ll have to start spending themselves. Which is essentially what brought us out of the Great Depression. It makes sense, when things get really bad, the only people who will spend money are those that dont have to earn it.
