I n certain circles, it has become fashionable to argue that monetary policy is a superior instrument to fiscal policy – more predictable, faster, without the adverse long-term consequences brought on by greater indebtedness. Indeed, some advocates wax so enthusiastic that they support recent drives for austerity in many European countries, arguing that if there are untoward effects they can be undone by monetary policy. Whatever the merits of this position in general, it is nonsense in current economic circumstances.
在某些圈子里，如今流行的看法是，货币政策是比财政政策更好的工具——更可预测、见效更快，而且没有债务增加带来的负面长期后果。的确，一些拥护者热情洋溢地宣称，他们支持许多欧洲国家最近出台的紧缩举措，他们提出，即使出现意料之外的效果，也可以通过货币政策予以抵消。无论这种立场总体上有何长处，它在当前manbetx20客户端下载 环境下都是无稽之谈。
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