name more than one....
| Posted On: 01/24/08 09:01:19 AM |
Age 60, KS |
Are there two economists that agree on anything? Economic theory has to be tempered with good intuition and common sense. The so called "extreme right" and the so called "extreme left" are both wrong and both right. The answer is to get away from being locked into ecomomic doctrine and rhetoric and do what makes sense for the times at hand.
One thing for sure. Spending more money while at the same time, earning less, will never work. Most of our nations problems would go away if most would learn the meaning of Love. That is, caring for someone else more than oneself. If all levels of society would do this, we'd put the opinion purveyors out of business, including this one.
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No corporation ever simply pocket's money
| Posted On: 01/22/08 10:08:25 AM |
Age 35, TX |
If a corporation "pocket's money", what are they actually doing with it? They might hold it for a few days, or weeks, maybe even a month or two, but no coroporation is going to simply hold on to money and not invest it in some way. They would not maximize their profits if they simply "pocket it", therefore it is obviously quite safe to say that the saved money will still stimulate the economy, especially in the long run.
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Inflation
| Posted On: 01/18/08 06:48:42 AM |
Age 61, MO |
Thank you, Mr. Brewton. Very accurate and very informative. George Cancilla
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question
| Posted On: 01/18/08 01:06:38 AM |
Age 21, MN |
It was my understanding that stagflation was not caused by Keynesian economics but by globalized economy. Money is being made by American corporations, thus the economy is taking in money, and inflation increases. But products are increasingly being sold to non-American buyers, and are being made by non-American workers, which increases unemployment. Admittingly, Keynesian economics cannot handle both increased inflation and unemployment. it is better for increasing one while decreasing the other in attempts to balance them out. However, Supply-side economics has its downsides as well since it assumes that employers will use all of its extra money to hire workers and increase production instead of just pocketing the saved money. -Dan Smith
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