Policy makers should instead be focused on building resilience and flexibility in the economy rather than blunt tools like monetary policy. One of the best ways

Policy makers should instead be focused on building resilience and flexibility in the economy rather than blunt tools like monetary policy. One of the best ways to do this is to promote multiple, nimble competitors in different sectors of the economy. Anti-trust, keeping regulation light for emerging technologies, preventing regulatory capture, etc., look like better tools going forward.