Interestingly, the new Fed-driven solution to high unemployment is to promote home purchases more aggressively than ever by artificially driving down mortgage rates.
But that was not a marketplace-driven solution in the strictest sense as Morgan and his compeers were a tightly-knit oligarchy, the likes of which does not exist today.
The only long-term solution is for them to be able to go back to the villages from which they were driven out and take up their lives as farmers and be able to support themselves.
"Magellan pioneered the GPS navigation industry, and in today's socially-driven world, we recognize that consumers want and need a much more comprehensive navigation solution that surpasses what traditional GPS devices and smartphones can offer, " said Peggy Fong, President of MiTAC Digital Corporation.