tag:blogger.com,1999:blog-279146381231845671.post6781370548238923076..comments2023-08-16T04:32:23.376-07:00Comments on Bad Outcomes: The Fish Call CliffRobert H.http://www.blogger.com/profile/09454933755396275755noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-279146381231845671.post-84429306695245706002012-11-24T12:05:15.066-08:002012-11-24T12:05:15.066-08:00I agree that monetary policy is really important, ...I agree that monetary policy is really important, but to me if you are obsessed with the fiscal cliff and the deficit you are, sort of by definition, obsessed with fiscal policy, IE with taxing and spending. It matters, of course, what we are taxing and how we are spending, but it seems to matter a lot more to a lot of commentators these days that we close the deficit. You can't say, "the deficit is the biggest problem facing America right now" and then say, "No, I don't like that easily implemented plan that fixes the deficit because I disagree with its spending and taxing priorities. Better to pursue my personal spending/taxing preferences and risk scuttling the entire process."Robert H.https://www.blogger.com/profile/09454933755396275755noreply@blogger.comtag:blogger.com,1999:blog-279146381231845671.post-33229507130937367612012-11-24T10:55:15.426-08:002012-11-24T10:55:15.426-08:00If the only two tools the government had at its di...If the only two tools the government had at its disposal were taxation and spending, I'd agree with your fiscal cliff post. I don't think it's either-or, though.Ultramericanhttps://www.blogger.com/profile/00713401972357624190noreply@blogger.com