The FT has decided to embrace fiscal policy, but it needs to get its head around the politics of it as well

The FT argued in an editorial published yesterday that: For four decades, monetary policy has been the dominant instrument of macroeconomic policy and central banks the queens of macroeconomic policy. That era should have ended years ago. It should have ended for the same reason that reliance on fiscal policy did in the 1970s: the […]

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