Wednesday, February 25, 2015

Rachel Zellie, Chapter 4, Question #7

Something I learned through reading this chapter was Wheelan's answer to the question regarding how large of a role the government should be in the economy. The answer Wheelan offers is relatively simple but isn't really difinitive because he says the answer will vary depending on who you ask. This definitely is a new way of approaching this topic which often turns into a debate. I always assumed there had to be a right and wrong amount of government involvment in the economy but after reading this section I realized that the answer will really vary depending on your opinion. I really like how Wheelan says that there are smart and thoughtful economists on both sides of the spectrum and I think that is the best way to answer the question currently because it is really difficult to decipher if a large or small role is definitively right or wrong.

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