Bubbles Warding off……….

Christopher Lingle has valid point “For its part, the Obama team increased the climate of uncertainty to stampede the general public into accepting the stimulus package and the mushrooming deficit. While successful entrepreneurs can deal with uncertainty from market conditions and even thrive with it, uncertainty created by politicians tends to stifle business activity. And so, fear-mongering and negative remarks about the economy to spook the electorate into supporting his spending plans have undermined overall confidence.”

Good life for new president………….

Christopher Lingle says in the Korea Times “there is the elephant in the room that nobody wants to notice: rising price inflation. But myth making about this being a redux of the Great Depression induces the Federal Reserve to orient monetary policy toward warding off deflation. 

But this is not your grandfather's recession. It is more like the one conjured up by Jimmy Carter. In a single term of office, President Carter oversaw double-digit inflation, double-digit unemployment, double-digit interest rates, shrinking incomes and increasing poverty. ”

Thanks to dismal science of economics

When every body talks about big spending including in India of course these people don’t understand all other alternatives to revive the economy, and some suggest that the only way left us is to continuously remind them. So that in the course, they will start thinking what has been told and untold to them. Here liberal economist Christopher Lingle writes in The Japan Times “Once again the laws of men are being implemented to supersede economic laws that require much price and wage adjustment during a recession so that markets can clear. This clearing serves the best interests of the overall community by enabling unemployed labor and misused capital assets to be put to productive and profitable use. Only then can there be a sustainable economic recovery”.

 

What is look more strangely is the children and student who try to learn economics with open mind, but taught all dismal side economics without showing the alternative method to think.