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The fiscal stimulus will work only in the sense that it will serve to stimulate the approval ratings of the President and other politicians.
3. Obama says that doing nothing is not an option. Do you agree with that?
No. The market economy has an underappreciated, but amazing ability to correct and reverse economic imbalances and problems on its own, and that economic self-correcting resiliency works best in the absence of government interference.
Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.