Dear Liberals: It's Your Fed's Paper Money That's Thwarting Full Employment

``The progressive movement now is starting to play offense by ... riding to the defense of the Federal Reserve. High time that liberals are rallying to defend their mothership, arguably their most powerful bastion in the federal government. Conservatives indeed are launching a serious critique... Bravely facing this onslaught, Konczal cleverly insinuates a counterfactual clause: "against a full employment mandate." Conservatives embrace gold not "against a full employment mandate" but because, by history and data, gold-based currency has proven itself as the key to the full employment mandate''