4 ms·
Great. What are they, and how come raising interest rates is the only thing that has worked over 300 years? This just seems like the same line of logic that le
by FormerBandmate 4y ago
Great. What are they, and how come raising interest rates is the only thing that has worked over 300 years?
This just seems like the same line of logic that led to defund the police. The world isn’t a fairyland, sometimes bad things happen
- thephyber 4y agoIf I had to read the subtext, I would say fiscal policy changes can target different price inflations. Demand side inflation is more affected by monetary policy. Supply side inflations are less so, hence other tools might be better at targeting them. Baby formula inflation? Allow imports and authorize more venders.
- dllthomas 4y agoMeans tested welfare and progressive tax rates are two examples of countercyclical policies that react automatically without needing congress to change the rules in response to individual cycles.