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The answer (pains me to say it) is, if anything, government spending. This was actually the answer after the financial crisis too. We have come to depend far to

• dragonwriter 11y ago
  > The answer (pains me to say it) is, if anything, government spending. That's not something the Fed can do. That's something Congress can (in theory) do, but hasn't shown much interest in doing. > We have come to depend far too much on monetary stimulus relative to fiscal stimulus. I don't think anyone has a preference for monetary stimulus so much as the fact that the only place where there are sufficient people with interest in stimulus to effect anything is at the Fed, where the only lever they have is monetary stimulus.