Should monetary and fiscal policymakers try to stabilize the economy?
Answer:
No, they shouldn't. They are still operating with the assumption that the way to have a healthy economy is through EXPANSION. We are living in a world that no longer has economic room for expansion, so the only way to get this "room" is to take it from someone else, hense this "war". We need new policymakers who will go for "stable state" economics, not expansion economics. This involves a basic change in attitude from "Power Over" to "Power With", and means the "Heirarchy" will be loosing all their "Golden Parachutes", in other words it ain't likely to happen, mostly because IT DESPIRATELY NEEDS TO, but the big boys loose the majority of their percentage if it does.
I think it is already too late for a bunch of bankers to do anything about the economy.
At least at a global level.
I believe they are doing their best to keep the economy from plunging.
We have not had a true recession since 1980-86 (depending on what criteria you use).
Troughs and highs are now the norm instead of peaks and valleys in the GDP.
A truly stabilized economy would have no growth. so some yee and haw is needed to continue to grow.
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