In your initial post, you are to write to either the president (on fiscal policy) or to the chair of the federal reserve (on monetary policy) describing a specific policy action that you believe should be taken at this moment in time(e. g., lower taxes or buy bonds) and explain why you would take the action (what is currently happening in the economy and what will this action : is the economy doing well on its own? if not, would policy ? what kind of policy - monetary, fiscal, both? is the economy in an expansion or a recession? should we engage in expansionary policy or contractionary policy? what particular type of action should we take? if monetary, do we buy bonds or sell bonds? if fiscal - should we change taxes or government spending? and should the change be an increase or a decrease?