Tuesday, December 07, 2010

Automatic Stabilizers

I'm not sure what they teach the kids these days, but when I learned/taught economics one thing that was covered was the fact that we had super awesome automatic stabilizers (UI, food stamps) that kicked in for both regional and national recessions. It's obviously they case that they aren't large enough, and especially don't last long enough, so, yes, we should make them as awesome as promised.