Full employment should be the goal of the central bank, because that is really what they are discounting when they create money - the available labour hours of the population, manifested in the government's capacity to tax.
That is, ultimately, the main asset on the balance sheet of the nation and arguably the underlying denomination. Humans trade by exchanging labour hours with each other.
> ...because that is really what they are discounting when they create money - the available labour hours
Can you explain how demanding full employment follows from that? I'm not seeing it.
It seems that by this logic, advances in fusion energy and AI which obliviate the need for 99.9% of humans to work at all would be seen as bad. I'd call that perverse.
That is, ultimately, the main asset on the balance sheet of the nation and arguably the underlying denomination. Humans trade by exchanging labour hours with each other.