Fiscal policy reigns supreme in shaping economic destiny, leaving monetary policy behind.
The article discusses how fiscal policy (government spending and taxes) can help boost the economy when it's stuck in a rut. It explains that in the past, people thought only monetary policy (control of money supply) could fix economic problems, but now we know fiscal policy is just as important. The researchers show that both policies have their roles in managing the economy, especially when dealing with issues like inflation and economic growth. Overall, the article emphasizes the ongoing debate about how to use fiscal policy effectively to benefit everyone.