Raise the Rate of Inflation to Decrease the Unemployment Rate

According to the Philips Curve inflation and the unemployment rate are inter-related, higher inflation leads to lower unemployment. Contrary to popular belief a low inflation rate and a strong dollar, which has been a source of pride in America, only benefit the wealthy. Higher inflation relieves the debt burden on the poor and middle class and forces banks to invest more. A weaker dollar will force manufacturing jobs to come home because of the decrease in buying power abroad. America has a huge trade deficit, too much is coming in and not enough is going out, these levels will not be sustainable forever and the longer we wait the more unprepared our country becomes to being able to manufacture our own goods. We must stop catering to the big banks interests.