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] Mr Libertarian You are speaking like a keynesian and also a Cronyist (or Crony).[/quote] No, I'm speaking like a capitalist who's lost his hardon for childish, idealistic capitalism that America simply will never let happen. Zero corporate tax rate? Flat consumption tax? Privatization of many aspects of the government? Great! It will never happen though. It is necessary to realize that when you go around claiming that the government dumping money from its own budget into the market is crony capitalism. [Edited on 11.14.2012 12:39 PM PST]