hould be "discretionary" fiscal policy: deliberate government action to change taxes and expenditures in order to correct for recession or inflation, the two economic trends most directly responsible for increasing unemployment rates. On the opposite side of the debate, Monetarists disagree with the Keynesian emphasis on fiscal policy as a stabilizing device, arguing that government fiscal actions are likely to be weak and ineffectual with a slow response time, at best - and can actually encourage inflati
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