Eric Leeper on the Interactions of Fiscal and Monetary Policy
Macro Musings with David Beckworth
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Fiscal Policy Is Central to Everything That Goes on in the Makro Economy
Fiscal policy is always going to be subject to political change. We could do more to communicate, you know, the covid spending, for example. You create social security in the thirties here, we still have it. If that's not commitment, i don't know what is. The tax code has a lot of commitment embedded in it. And i think there's a roll here, even for hepress to play, but we don't see any of that right.
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