Monday, May 21, 2012

G8 Wishful Thinking

President Obama urged the G8 leaders meeting in Chicago to implement policies that will achieve grow and financial stability. This is a noble sentiment, but there is one small problem.

  • Economists struggle to identify policies that would produce grow in the current environment.
  • Economists do not agree on what policies will produce financial stability.
No economist can point to policies that are certain to produce both growth and financial stability.

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