> Literally everybody grasps this. This the most widely accepted mainstream narrative about the economy right now on the internet.
Heck, much of it (the parts that aren't confusing the Fed with other repairs of government) has been echoed by Fed board members and other (in the minority, at the time) government decision makers. Overreliance on the Fed and top-down monetary policy to do the economic job for which fiscal policy is better suited has been a recurring, mainstream criticism for years.
Heck, much of it (the parts that aren't confusing the Fed with other repairs of government) has been echoed by Fed board members and other (in the minority, at the time) government decision makers. Overreliance on the Fed and top-down monetary policy to do the economic job for which fiscal policy is better suited has been a recurring, mainstream criticism for years.