Quote:
Originally Posted by smutnut
An election result by itself can affect the economy.
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A minor blip and mostly short term gains/losses on Wallstreet more than actually effecting the root performance of the economy...
What we're seeing now isn't a result of the President now or the President 5 years ago....
In my opinion it's a problem with over regulation of the economy and the choices made to regulate the economy...
Railing against the current President is justified in my eyes if he isn't taking action to correct the problems or taking action which an individual feels will adversely effect the economy.
In the end, the "correct" things to do are really all guesses. I subscribe to the Austrian School of Economics so I believe that due to the massive "randomness" of human interaction with the market it is virtually impossible to predict how inserting non organic change into the market will effect said market. Instead, the system of regulation should be setup to allow freedom of choice at all levels but make sure no fraud is taking place. Adjusting interest rates at whim because a small body of people says it's the thing to do is absolute madness and in my opinion (and many others) this is one of the root problems with economic stability. Propping up failing companies, rising minimum wages, and other factors also play a major roll but I'll leave those to another post ;)