Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.

If it were possible to take interest rates into negative territory I would be voting for that.

I am anxious to fix welfare. There has to be more training and child care.

[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013

The past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority.

Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied and work less hard on the firm's behalf if they feel that wage policies are unfair?

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.