The Fed says the US economy is at full employment, which means they can raise interest rates.
Today’s employment numbers are, however, described by business analysts as disappointing.
While the Fed will be raising the rent, consumer debt is again at record levels. Millennial home-equity loans are now at the peak, 2006 level.
The ACA mandate has everything to do with the rising debt at full employment. Premiums and healthcare costs are now bigger than the mortgage payment — and since you have to pay it, it has got to come from somewhere. Where it comes from is the Fed, providing the “currency” that flows to finance the debt without default.
Like Dodd-Frank says, however, “credit crises will surely happen again!” Supposedly we are ready for it; and raising the rent on the money needed to pay the mandated costs (command prices) will surely make it happen!
Meanwhile, it is a numbers game.
What the numbers actually mean is really the art of interpretation. The interpretation transacts a meaning, typically to give events (numbers, for example) causal identity (which is to suggest there is a purpose).
Objectivists contend there is cause without purpose. Events just objectively happen, like credit crises, without trying to cause them.
The Fed will raise the rent “because” of the jobs numbers.
Raising the rent (which financiers call “the risk-free rate of return” to determine what prices in the futures are now, at current value), the FOMC does not intend to lower real median income after the debt has been paid. The Federal Reserve does not operationalize with a causal identity, but with an effective identity, reacting to the numbers.
It just happens to be that raising the rent increases the value of the debt in the futures now. It effectively lowers the capacity to pay the debt on time. By default, it is deflationary and, objectively, causes a credit crisis.
What the numbers actually mean is not an objective reality. It is an addjective reality existing (added) on demand (having current, useful identity in the futures now).