The fact that unemployment is < 4% and child poverty is > 12% shows that "just get a job" doesn't work for a lot of Americans.

I also think the Fed is being extremely reckless with interest rates for a couple of reasons. First, we have all these vacant office buildings that are likely to be foreclosed on soon--and who will buy them at such high rates? Second, there are a lot of third-world countries that are really struggling due to high interest rates, and this will result in high instability, which will be very expensive for us in one way or another.