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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Dayuhan who wrote (57810)	10/7/1999 10:06:00 PM
From: nihil	Read Replies (2) \| Respond to of 108807

Yes, fiscal and monetary soundness are almost impossible to achieve. There is a myth that one cannot "fine tune" the economy, so conservative business-oriented economists advise overkill and often drive the economy into civil war. Liberal or populist economists are too timid in clamping down, because they do not want to annoy the working classes, and don't press down hard enough. No one like stop and go, because letting up when the brake is down too hard looks cowardly --- we've got to squeeze every ounce of inflation out when we can." Few governments have good enough data (and models) and power to be precise in their controls. It is amazing that the U.S. has accepted a common theory of economic control that works most of the time very well.