I must wonder, if there's so many economists that known that's wrong with the economy of a country such as United States, why don't they fix it?
This [url=http://www.youtube.com/watch?v=PTUY16CkS-k]video (kind of funny actually)[/url] explains a lot of things and the problems that needs to be fix and etc.
I mean, it seems to me it is so obvious what we need to do after just taking an introductory course to macroeconomics, I mean, now I know not to spend $800 billion on a stimulus legislation that will hardly stimulate anything.
What do you guys think? Any of you took a micro/macro economic course before and had your mind changed after finishing it?
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[quote][b]Posted by:[/b] MadMax888 [quote][b]Posted by:[/b] Mr Libertarian Also, stimulation worsens the economy.[/quote] But it saved thousands of jobs. I'd say that's a win.[/quote] Artificial boom = Artificial bust (and providing the higher number of unemployment and inflation) Look at any boom in the US During the 21st and 20th (since there was any [excluding the internet internet, but even that was a bubble technically] and it will show what were the results.