The Washington Post Wants the Fed to Start Throwing People Out of Work

The Washington Post, which adheres rigidly to the philosophy that a dollar in a non-rich person's pocket is a dollar that could be in a rich person's pocket, argued in its Wonkblog section that it might be time for the Fed to start raising interest rates and throwing people out of work. The story is that when the unemployment rate falls below 6.5 percent, the inflation rate might start rising.

This one is almost too much to believe even from the Washington Post. Of course the unemployment rat...