A comment on Hacker News is not the right place to get into a conversation about the evolution of thought regarding the effectiveness of monetary policy, versus

A comment on Hacker News is not the right place to get into a conversation about the evolution of thought regarding the effectiveness of monetary policy, versus fiscal policy, but our current understanding did not exist before 1980 and Presidents did engage in stimulus spending, which they often assumed could at least party overcome the actions of the central bank. Also, as piker said, some of your examples confuse monetary and fiscal stimulus. But about fiscal stimulus: There was widespread fear of a recession in the early 1960s, which was part of Kennedy's motivation for more spending on Nasa and the military. Also, there were 2 tax cuts. The expansion from 1961 to 1969 became the longest in USA history, up till that time. Reagan ran absolutely massive budget deficits, which lead a very long expansion, from 1982 to 1990.