At one point, the core purpose of monetary policy and central banking was full employment. Now, it seems to be stability and productivity. The political system is too corrupt to pivot -- but the private sector can, because untapped potential represents lost customers.
I think we need to figure out how to empower people. We have all of these underserved communities that suffer mostly from hopelessness. How do we empower a handyman in the inner city to build a sustainable business that enjoys his neighbors? How do we bring vitality to a rural community marginalized by the death of farming and mills?