Desmond Lachman | The Hill
The World Bank’s report that the global economy is now operating at close to full capacity would seem to be a mixed blessing. There is certainly reason to celebrate that the world economy is operating at near its potential. However, there is also reason to fear that approaching global full employment could very well be a precursor to aggressive monetary policy tightening.
quoting John B. Taylor via Investors Business Daily
Many negative consequences flow reliably from a financial crisis, including unemployment, political turmoil, and piles of sovereign debt. Since the 2008 financial meltdown, however, we've seen none of the good consequences — and there are supposed to be good ones.