I dont know whether being able to call it quantitative easing matters at that point. If the government has a pile of gold it deploys during an economic downturn

I dont know whether being able to call it quantitative easing matters at that point. If the government has a pile of gold it deploys during an economic downturn, say they get it right and actually help, people will be less dissatisfied with the subsequent taxation. If they get it wrong though, and cause problems or fail to help the situation, people will be more resistant to that taxation; in the next cycle the government will be more careful about their allocations, pressured both by resource constraints and political pressure. Wouldnt that be a healthier cycle than one where we just paper over everything?