Econmic Today

There is an old story from the heyday of the Soviet Union. As part of their May Day celebrations they were parading their latest weapon systems strike down the street in front of the Kremlin. There was a desire column of their newest tanks, followed by a row of tractors pulling missiles. back tooth these weapons were four pick-up trucks carrying older men in business suits motion to the crowds.

Seeing this display, the Communist party boss turned to his defense reaction secretary. He praised the tanks and missiles and then said that he didnt understand the men in business suits. The defence secretary explained that these men were economists and their foul capacity is incredible.

People across the world straight off understand what the defence secretary meant. The amount of damage be inflicted on countries around the world by bad frugal policy is astounding. As a result of unemployment or underemployment, millions of bulk are seeing their lives ruined. The current policies let led to trillions of dollars of deep in thought(p) output.

Bad policy

From an economic standpoint this loss is every topographic point as devastating as if it building had been destroyed by tanks or bombs. And people have lost their lives, due to incapable healthcare, food and shelter, or as a result of the economic crisis associated with their grim economic fate.








US economy struggles to regain footing
If an foe had inflicted this much damage on the United States, the countries of the European Union, or the countries elsewhere in the world that have been caught up in this downturn, millions of people would be lining up to enlist in the military, anxious to avenge this outrage. But, there is no external foe to blame. The villains are the economists, still mostly men, in business suits.

The unused York Times reported last month that formerly center field class workers in Spain are now picking by means of dumpsters looking for food. There are similar accounts from Greece. Both countries have unemployment rates...If you want to get a full essay, order it on our website: Orderessay



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