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The real problem is that monetary policy is only half of the coin, and the other half, fiscal policy, seems to never be enacted according to the theory. Just lo
by RhodesianHunter 7y ago
The real problem is that monetary policy is only half of the coin, and the other half, fiscal policy, seems to never be enacted according to the theory. Just look at the current state of it, with record budget deficits at the height of a bull run.
- pas 7y agoEvery theory, plan, ideology when meets with real life humans gets transformed. Socialism (state socialism, gulags, holodomor), buddhism (genocie in Myanmar), christianity (from megachurches and westboro baptist church to serious "internal" affairs like sexual abuse), islam (ISIL/ISIS), and the list is probably endless. There are a lot of people working on solving the fiscal policy issue. And apparently just as many trying to stick to their guns and boneheaded over-simplistic arguments.