“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”
Friedrich Hayek
The economic programs and policies currently in place are truly
astounding. I don’t think I have ever seen a more harmful economic
environment for the country. While some of these programs started with
Bush, the Obama Administration has advanced them to insane levels.
Logic, economics, common sense and history must be defied to believe a
recovery is possible in this environment. The nation’s standard of
living will be substantially lowered unless changes in policies are
forthcoming.
To understand why this economy cannot recover under these policies,
it is necessary to differentiate between the macroeconomic and
microeconomic approach. Arguably, macroeconomics is not economics, but
that topic cannot be fully explored today.
Macroeconomics deals with aggregates, statistics and mathematical
models. Macroeconomics purports to describe and explain the behavior
Continue reading Why Obamanomics Will Not Improve The Economy