Friday, January 14, 2011

response to "the fairest of them all"

I beleive the Big Idea Eight is a fair candidate to the fairest of them all.  The idea that economic booms and busts cannot be avoided but can be moderated is a comforting idea to have.  For any member of society (except for the very wealthy and connected) recession and unemployment is a very scary and disturbing thought, and if in the consiousness of the people (and government) a system exists that can effectively reduce the unavoidable busts cycles and lessen the inescapable harder economic times.  The tools of monetary and fiscal policy have proven to assist during lean times, but have also proven to deteriorate and negatively influence a bust cycle.  Moderating the boom and bust cycles can prove to balance such cycles and ease the pain to people and nations during bust cycles.

Michael Garreaud

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