Scott Sumner: "macroprudentiual regulation has failed almost as spectacularly as fiscal policy. (...) Policymakers always seem to end up like generals fighting the previous war."
During the Great Recession, many prominent economists told us that we needed to go back to using fiscal policy, as if Congress were competent and powerful enough to steer the business cycle. It is…
Nenhum comentário:
Postar um comentário