Why Economist Disagree (Obama, economic, money, world)

[Motion]

Why all the uncertainty among first-rate economists? Well, for one thing, economists have very little data with which to work. There are plenty of theoretical models out there, but those models are largely untested. See, economics is a relatively new discipline, with much of its most important work having been done just within the last 50 years. Fortunately for most of us, the world hasn’t seen many serious, worldwide economic crises during that time. Unfortunately for us, our...

Will the Stimulus Work? | FactCheck.org

This is why I'am trying to wait and view these various stimulus plans in America and Europe by their results. It's still too soon to tell what will or won't work. Looking at Japan's stimulus example from 90's did make me more skeptical of America's stimulus. I hope Obama is open to changing course once it's apparent that our stimulus isn't working.

[Moth]

Originally Posted by Motion

This is why I'am trying to wait and view these various stimulus plans in America and Europe by their results. It's still too soon to tell what will or won't work. Looking at Japan's stimulus example from 90's did make me more skeptical of America's stimulus. I hope Obama is open to changing course once it's apparent that our stimulus isn't working.

How would he change course? Ask for all the money to be returned?

[florida.bob]

Economists disagree because they make different assumptions. If you think any Economist knows what is going to happen, you are mistaken. They all form opinions based on their assumptions. And you know what assumptions do.