The Reason So Many People Are Unemployed (Aaron Swartz's Raw Thought):
"Now some people will claim that the Federal Reserve has done all it can to create more jobs but the recession is so deep this time that there’s nothing else it can do. But that’s just not true — even the chairman of the Federal Reserve, Ben Bernanke, says it’s not true. He was asked about this in a Senate hearing. As the Economist summarized his response: “Mr Bernanke does not want to risk a de-anchoring of inflation expectations. He is willing to accept 10% or greater unemployment and the resulting economic and political fall-out in order to avoid that risk.”"
What courage! Willing to accept political fall-out, willing to let millions lose their jobs all to prevent the "de-anchoring of inflation expectations".
But what do you do when your outrage meter is already at 10? There is no 11, just 10.