The Other Myth of Economics

The thing economists never tell you is that no one really understands economics or can predict the effects that actions will have. Sure maybe in some small controlled situations, but if someone really knew how to create a stable growing economy wouldn't every country be doing it all the time. The Fed can manipulate interest rates to slow inflation or spur growth but that isn't always enough.

Even given the differing ideologies of our two parties don't you think they would agree on economics if they knew it would create economic growth? Actually maybe not. I think Republicans might be so opposed to government spending and debt that they would oppose stimulus even if they knew it would help. And on the other side Democrats might be so opposed to cutting entitlements that they would do the same.