Why the Stimulus Packages Were Ineffective?

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Noanigt: I just want to come back to your ger point, the data. But i do think that the people who have defended the stimulus packages would argue that they have data too. It's actually a lot of it is just looking at some charts, and you can see these big infusions of money, which didn't affect consumption at all. In general, this was not. These three so called stimulus packages, as far as i can tell, looking in detail at the data, were not stimulative.

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.