In weak economies, monetary and fiscal policy are complements, not substitutes. November 19th, 2014 at 7:25 am Over at PostEverything. Share the post "In weak economies, monetary and fiscal policy are complements, not substitutes." FacebookTwitterShare… Categories: Economic Growth, Federal Reserve, Fiscal Policy, New Posts | 2 Comments »
As a farming metaphor, monetary policy is trying to feed a dead horse and fiscal policy is beating the dead horse. Soon, we will need a new horse.
Congress should pass a huge tax cut for the middle class.