On: Why the 2% inflation target? (2023)

[quickthrowman]

Using fiscal policy would require a functional legislative branch.

[neilwilson → quickthrowman]

Not in the slightest. We have these things called “autostabilisers” that are temporally and spatially more precise than jiggling a single interest rate and indirectly hoping something moves in the right direction two years later

[quickthrowman → neilwilson]

I’ve got a dumb question, how would an autostabilizer policy become law?

Can the executive branch unilaterally enact an autostabilizer policy?

If not, that would “require a functional legislative branch” as I posted in the post that you replied to.