Critics argue that because of timing lags and a lack of knowledge about the economy, the Federal Reserve should terminate its activist monetary policies and increase the supply of money each year at a constant rate.

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Critics argue that the Federal Reserve's activist monetary policies can be ineffective or counterproductive due to timing lags and insufficient knowledge about the economy's current state and future direction. They suggest a rule-based approach, such as increasing the money supply at a constant rate, to provide stability and predictability.

Critics Argue That Because of Timing Lags and a Lack