> *We should have ZIRP forever and use fiscal policy to target price stability a... | Hacker News

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throw0101d 10 months ago | parent | context | favorite | on: Why the 2% inflation target? (2023)

> We should have ZIRP forever and use fiscal policy to target price stability and full employment.

If only (US?) politicians would get their act together and act.

Instead we have folks that believe cutting spending/demand will increase economic output ("expansionary austerity"):

* https://en.wikipedia.org/wiki/Expansionary_fiscal_contractio...

Or that tax cuts pay for themselves:

* https://en.wikipedia.org/wiki/Kansas_experiment

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