baylor

John Hussman: Fiscal Policy Is the Key

So you're not a monetarist? That's great but use some econometrics to back up what you are saying. Two graphs that track a supposed effector over its driver needs to have statistics, numeric output, to back it up.

Also, consider the correlation of fiscal and monetary policymakers actions when both are attempting to use discretionary policy, and their inability to implement policy changes effectively due to transmission lags.

Lastly, you're fighting a losing battle against proving that central banks create an environment prone to inflation. Basic game theory is all you need and a graph of aggregate demand and supply to see that the fed, or any central bank, will have to fight a losing battle against price expectations and real economic growth.