Thank you! No opinion other than as monetary policy ran weak as an option to stimulate the economy, policymakers turned to fiscal. Having seen the strength of the fiscal lever it’s hard to give up on for any policy maker so long as inflation stays in check.
This is gold. BTW, do you have any opinion on why the government has become pro-cyclical since the Trump administration and continues to be into the future (maybe)?
Thank you! No opinion other than as monetary policy ran weak as an option to stimulate the economy, policymakers turned to fiscal. Having seen the strength of the fiscal lever it’s hard to give up on for any policy maker so long as inflation stays in check.
This is gold. BTW, do you have any opinion on why the government has become pro-cyclical since the Trump administration and continues to be into the future (maybe)?