Inflation & Unemployment: Fiscal actions (i.e., “daily governance”) & Banking Regulation Work. Monetary “Policy” Does Not

Any argument that there is a “fiscal policy versus monetary policy” debate that somehow suggests we primarily rely on the latter is misspecified. You cannot not be primarily “doing fiscal,” it is simply not possible. (Whether done well or not is a different issue; the very belief that somehow fiscal takes a backseat is the key reason it has been done poorly for decades).