Fiscal and Monetary Policy Annoy Me

By Michael S. Rozeff, GoldSeek

The terms “fiscal and monetary policy” annoy me. The fact that fiscal and monetary policy even exist annoys me. They are the terms that mean government control over the economy. That annoys me too.

It is enough to have to live with my own stupidity and ignorance. It is terribly annoying to have to be made to suffer because of stupidity and ignorance writ large. It is especially annoying when that stupidity and ignorance pose as some kind of miracle men – economists with political power – who are manipulating the economy’s levers for my own good. The whole affair is irritating.

I first began reading about business cycles 35-plus years ago. I am still reading about business cycles. There is a body of knowledge about business cycles. It is still expanding. It will probably expand forever, with diminishing returns. But no one fully understands business cycles, even past business cycles. Accounts of past business cycles always leave one puzzled as to causes. The ways in which business cycles occur vary. Their effects vary. Their depths vary. Their resolutions vary. The subsequent recoveries vary. The lengths of expansions and contractions vary. The many economic time series vary in different ways in different recessions.

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