Assuming you are correct even if there is only monetary and fiscal policy the mechanisms of control are what I am suggesting. If the governments looked at this issue a lot of the difficulties in economics would disappear if implemented correctly.
Thank you. I would say these are more factors that affect aggregate demand instead of controls. But still useful.
I don't mean to be dense - but still not sure which "issue" you are alluding to that no one is paying attention to?
Where do you see that happening? Short term rates remain at historical low. Isn't interest rate increase to reduce inflation usually a task for an overheating economy?
I think this is why we are getting confuse. I am talking about the UK not the US. I am English, we have one and a half over target inflation.
English were never good at managing their economy. Actually they made a mess out of it when they began to control it.
Oh be quiet. I consider myself rather libertarian (without taking to the radical and unattainable extremes) but your statement is just pure ignorance (of history and economics). England, in its entire history from petty kingdoms to world empire, has never had a second where the government didn't control its economy to a significant extent.