Forum Post: Interview with Ph.D. Economist

I recently interviewed an economics professor about the economy, jobs, aggregate demand, etc.

He had this to say...

A market economy, such as the U.S., is not self-correcting and self-sustaining. During times of recession, it will need the help of the government, the Central Bank, or both. In my opinion, the U.S. economy is faltering because either the stimulus was not adequate or was not targeted right. The Job's Bill is the right approach but I doubt that it will make a big impact on the economy because the amount of the stimulus is too small. But it is better than nothing. As should you know, economists fall into two camps like the politicians. So if you ask another economist who is a strict advocate of a free market, you would likely get an entirely different answer. Thanks for asking this interesting question.