2006-12-11 07:38:33 · 4 answers · asked by lupe m 1 in Social Science ➔ Economics
Many principles of economics, are, on their face, counterintuitive. Therefore, rather than doing what is right for the economy of the country, state, or city they represent, politicians do what is popular (intuitive), resulting in a poorer economy.
This can manifest itself in raising the minimum wage, subsidizing struggling industries, instituting rent caps and other price ceilings, and higher welfare pay-outs, among other things.
2006-12-11 07:41:40 · answer #1 · answered by Daniel A: Zionist Pig 3 · 0⤊ 0⤋
it seems different people interpret the question differently... i,by ur question understand that 'economics' to be an external force, which always takes its own shape, and politics can temper with it to make it worse.
in that case, worse politcs can do, is confuse market forces. that can be done by thousands of different ways , some more popular:
set price ceilings or floors
set interest rates
provide subsidies
protect markets
etc etc.
2006-12-11 08:07:56 · answer #2 · answered by Yura 2 · 0⤊ 0⤋
the millionaires in Congress (notice I lumped all political parties together) are only concerned for one thing -
themselves
what is a Billion?
- seconds - it was in the 1960's
- minutes - Jesus was alive
- hours - dinosaurs were living
- dollars in Washington DC ... .... .. - 20 minutes ago
2006-12-11 07:44:26 · answer #3 · answered by tom4bucs 7 · 0⤊ 0⤋
Must be the spelling.
2006-12-11 07:40:18 · answer #4 · answered by Local Celebrity 4 · 0⤊ 0⤋