/sci/ - Science & Math

>>1982550
The miracle of the aggregate tends to find an informed consensus among an ignorant population (and the same decision they would have made if they were all smart and fully informed), even if they're just using heuristics and incomplete information. Assuming you are sticking with the responsible parties voter model, it means they will decide on the distinct choice that best fits their views every time.

Also, there has never been a famine in a democracy. Enjoy your failed fair and benevolent ruler model. Slaves won't revolt. Dumbasses.

Recession will last a few years (this is a nasty one). Unemployment will go down .5% every year for a few more years until we return to natural employment (~5%). Fed needs to sell of risky assets over time to restore confidence in government bonds, and raise interest as soon as possible to dodge a liquidity trap. Lower taxes unilaterally, and institute a pollution tax to deal with non-green companies and the negative externalities they create. Keep free trade (see comparative advantage as to why we benefit). Have the government keep spending like a motherfucker. The slump is going long enough that fiscal action is necessary, not just monetary. Besides, the RGDP will grow enough that all the debt won't really matter. Take this with a grain of salt as I'm not an economist, I've just taken a class. This is pretty first grade for economics. Oh and trade deficits aren't bad.