The Time is Right For Nominal GDP Level Targeting

new paper:

http://irelandp.com/papers/somc202006.pdf">https://irelandp.com/papers/so...

instead of saying "things are really bad and really uncertain ... and we don& #39;t know what do to except increase government spending."

why not say instead "monetary history has taught us lessons that we can use now, to avoid the most devastating effects of inflation AND deflation"