Ean doesn't monetary and fiscal policy merge to some extent? And have they in the last 15 years or so? As the united states has relentlessly, very often spent beyond its means. To a whole other part of my iting is to examine the the stimulus packages. There's there's been three, counting one with present bit ind to at president trump. They don't have fiscopoli, state wit, phiscal policy per sect. But you asked about what could cause deviations from that. We had trillion dollar deficits with president trump at the end, and they continued. So i think that's a bit of a problem for the economy itself. Would be better if we had
What's so bad about rising inflation? Why should we aim for a rate of 2 percent? Why is it a problem if interest rates are too low--and what do we mean by inflation, anyway? Stanford University's John Taylor talks with EconTalk host Russ Roberts about these questions, the Taylor Rule, why inflation is rising, and what the Fed should do about it. At the end of the conversation, Taylor discusses whether stimulus stimulates and the dangers of the national debt.