Outline the details of the debate between economists who favor a rules-based monetary policy and those who favor a discretionary monetary policy. Something is referred to as a “double-edged sword” if...

Outline the details of the debate between economists who favor a rules-based monetary policy and those who favor a discretionary monetary policy. Something is referred to as a “double-edged sword” if it can have both favorable and unfavorable consequences. In what way might government bailouts of failing companies or financial institutions be a double-edged sword? Explain your answer.