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> Such policy often comes with substantial lag times, as it is implemented via legislation. Monetary policy may be implemented more rapidly. And because of thi
by candiodari 7y ago
> Such policy often comes with substantial lag times, as it is implemented via legislation. Monetary policy may be implemented more rapidly.
And because of this we should drop this whole democracy thing ? Parliaments have shown plenty that if the need is high enough, action can be very quick indeed.
- nickles 7y ago> And because of this we should drop this whole democracy thing ? Parliaments have shown plenty that if the need is high enough, action can be very quick indeed. You've constructed a straw man argument. Instead of advocating for eliminating democracy, I highlighted some of the issues with relying exclusively on fiscal policy. An independent central bank can help resolve some of these concerns. Afterwards, I stated there was a need for both fiscal and monetary policy: "Ideally, carefully considered monetary and fiscal policies are implemented and utilized to maximize potential for economic stability."