moral hazard nick rowe wants a fiscal rule to twin a monetary rule

wow nick
actually has a practical post not a chin scratcher

 bravo mr micro sphincter

the rule v action distinction is fine
in model world
we now have the autostablizers
the system ought to move to a meade -lerner full auto stablizer
algorithmic complex
for get G spending flux
use the tax/borrow and transfer systems
set them all to counter changes in household demand trade balance
and corporate net spending
design and implement a sort of automaton macronautic
fiscal budget great helmsman

yes the accumulated deficits to gdp ratio
would need a price level rate of change policy mechanism too
and trade deficits suggest a forex mechanism agreeed on by our major trading partners
but you start where you can eh ??