The future of computing, perhaps even more than the past, is looking like the full employment act for corporate lawyers.

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Hawkins Full Employment Act and Federal Reserve Act that govern its behavior.

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The bill would repeal the Humphrey-Hawkins Full Employment Act of 1978, which, among other things, required the Fed to consider how its actions affect short-term economic growth.

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The Full Employment Act of 1946 made the federal government responsible for job creation and accepted the crude Keynesian idea that aggregate demand management could be used to achieve maximum employment.

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This shift was codified by the Employment Act of 1946 and, later, the Humphrey-Hawkins Full Employment and Balanced Growth Act of 1978.

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Thus, the Federal Reserve, responding to a dual mandate of fostering full employment and price stability, is forced to act.

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The Humphrey Hawkins Act of 1978 made the Federal Reserve responsible for creating the monetary means to achieve full employment while maintaining price stability.

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