Although discretionary fiscal policy worked fairly well in the U.S.in the 1960s,it worked even better during the stagflation years of the 1970s.

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Discretionary fiscal policy did not work well during the stagflation years of the 1970s. The traditional tools of fiscal policy, such as tax cuts and increased government spending, were not effective in combating both high inflation and slow economic growth. This led to the rise of new economic theories, such as supply-side economics and monetarism, which emphasized the importance of monetary policy and market-driven solutions.

Although Discretionary Fiscal Policy Worked Fairly Well in the U