Thursday, December 5, 2013
Mainstream View
I believe in the Mainstream view because I think it is essential for there to be a higher authority to control the economy. Not ever consumer is rational and many do buy on impulse and credit. This can cause inflation and we need fiscal and monetary policy to fix these problems. If "we don't care if businesses shut down" then we'd be in a huge economic crisis. The government plays an important role in keeping the economy on the road.
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I disagree and think that the government should not keep bailing out failing companies. It's not so much about caring as it is about maintaining an economy filled with successful businesses. Also I think that people should deal with the comseuqences of poor spending practices, not the government.
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