The principle 10 states that there is a policy influence in the national economy, that is, to solve the short-term employment problem through inflation. Because unemployment is a difficult problem to solve, the government is also faced with trade-offs. Inflation itself will stimulate production and consumption and promote short-term improvement of production and employment. So this seems to be a pretty good result on the surface. Both producers and consumers feel richer, but in fact, money has become changeable and worthless.
From the perspective of the health of the whole national economy, inflation can be understood as the state of continuous expansion of the national economy, or that the economic bubble has been formed and the bubble will always burst. Therefore, the principle 10 also said that it seems that only the short-term unemployment rate can be solved, but the long-term unemployment rate cannot be solved. What is even more frightening is that the bubble will burst on a large scale after it gets out of control, which will lead to economic crisis and large-scale unemployment.
Therefore, if we consider the problem from the perspective of governing the country for a hundred years, we will find that the principle 10 is simply unreasonable. Is it good or bad if a policy only treats the symptoms, not the root cause, only temporarily relieves and then experiences great pain? So what can we do to build a stable and beautiful economy and maintain a high overall happiness index and living standard?
Writing here, I find that the overall consideration is very complicated and the problem seems difficult to solve. But if we go back to the individual, we will find that individual productivity and employment are actually a comprehensive problem. We personally have better productivity, that is, to provide better services, so we will not face the problem of unemployment. If an individual's productivity is low and he faces a lot of competition, it is easy to lose his job. So for individuals, the key problem is how to have better productivity and provide more valuable products and services.
But writing here, I found a macro problem that is difficult to solve. Because I just wrote, individuals need to provide better products or services. A word "Geng" means to compete with others, so there will always be providers whose services and products are not good enough, and there will always be people facing unemployment.
So far, the macro issues I have considered can only be personal considerations, and then for individuals, solving economic problems is actually a process of continuous self-improvement and growth.