Bold and important paper from @JWMason1 and @rortybomb, a must-read even if you don't agree with all of it. rooseveltinstitute.org/wp-content/upl… 
@JWMason1 @rortybomb You do not have to think that strong demand can achieve all of this by itself to think that strong demand is an important ingredient for achieving this, as the authors argue.
@JWMason1 @rortybomb A lot of people might dismiss this as heterodox liberal economics, but I can't emphasize enough how consistent with conservative thought this is. Yes, there is much to debate about supply-side policies. But optimism about the potential for demand side should be bipartisan.
@JWMason1 @rortybomb More people want to work and we should want them to work is very much a conservative principal.
@JWMason1 @rortybomb This is not about abandoning other conservative economic ideas. Indeed, the same argument they make about liberal supply side policies holds: strong demand helps absorb supply-side increases in the labor force. That applies to all sorts of supply-side policies.
@JWMason1 @rortybomb This does not mean the Fed should simply assume that this is the target labor force, that would be a mistake. But it does mean we should think of the preservation of strong demand conditions as potentially having a lot of of upside beyond getting us simply back to Jan 2020.
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