The GP 'Macro Bowl O' Economy !
The GP ‘Macro Bowl O’ Economy ! Ganga Prasad G. Rao gprasadrao@hotmail.com The world over, it is the same humdrum, the same reaction to the economic crisis that has afflicted nations across the globe. Every economic contraction, no matter of what origin must be responded to by stimulating the economy with low interest rates and ‘stimulus funds’. Pump prime an economy with ‘policies’ that have no credibility, shore up the very banks that caused the financial crash with their ultra-short trading, even indulge in a privately enriching market crash despite an obvious conflict of interest …..and when the economy fails, put your hands up, point your finger at the ‘other guy’, and walk away with your booty in the melee of a regime change. Macro-politics, my friend, is an art to master! So, in a world of no alternatives, let’s, for a change, break all taboos – I mean, academic - and imagine the unimaginable. Let us motivate a macro-economy with an entirely different rationale. An economy that ...