2 ms·
There hasn't been a lot of evidence for the idea that having no fiscal policy is better than having a bad or moderate one. Finance can deal with inflation and
by bayesianhorse 14y ago
There hasn't been a lot of evidence for the idea that having no fiscal policy is better than having a bad or moderate one.
Finance can deal with inflation and deflation. Economies can't usually deal well with either, but deflation seems to be worse, and constant value is impossible and probably not better than inflation.
People are more than their bank statements. They breath their money through their life style and even survival. That is why money shouldn't stay still.