Well, if it's a definition it's a crappy 2-second one so I apologize for that.
I hear what you're saying here and I agree. In any effect, we can probably all agree that the end result of all this is overwhelmingly negative for the long-run productivity growth of the US economy, and that means more stagnating real wages, more structural unemployment, and more hardship for a lot of families. Some would argue that we need MORE central planning to lead the economy out of this hole, and there was a good op-ed in the NYTimes about why this probably isn't possible with our current government.
I hear what you're saying here and I agree. In any effect, we can probably all agree that the end result of all this is overwhelmingly negative for the long-run productivity growth of the US economy, and that means more stagnating real wages, more structural unemployment, and more hardship for a lot of families. Some would argue that we need MORE central planning to lead the economy out of this hole, and there was a good op-ed in the NYTimes about why this probably isn't possible with our current government.
See Link: http://www.nytimes.com/2011/08/07/opinion/sunday/what-happen...