> We should have ZIRP forever and use fiscal policy to target price stability and full employment.

If only (US?) politicians would get their act together and act.

Instead we have folks that believe cutting spending/demand will increase economic output ("expansionary austerity"):

* https://en.wikipedia.org/wiki/Expansionary_fiscal_contractio...

Or that tax cuts pay for themselves:

* https://en.wikipedia.org/wiki/Kansas_experiment