&gt;Monetary policy is one of the main reasons. Instead of letting a secular deflation emerge<p>Yeah, that&#x27;s what happened in the 19th century. It didn&#x27;t help improve poverty at all - exactly the opposite, in fact. The series of financial crises and subsequent misery is partly what led to the creation of the federal reserve.<p>&gt;Neoliberalism isn&#x27;t even an economic idea.<p>It&#x27;s strongly linked to neoclassicism. Plenty of neoliberal dogma has its underpinnings in neoclassical ideas (e.g. theory of the firm).