A dip back into macroeconomics…

November 2, 2009 annay17

From the Economist by Kal

I came across this cartoon today on the economist, and this made me wonder where we are globally towards a “recovery”. I read all the comments posted online on this cartoon, and there were some who agreed with the cartoon, saying the “recovery” is only an illusion, and not actually real. On the other hand some people interpretted this cartoon, saying that the catoon is blaming the worker for the crisis. I do not see it this way, and I merely think that the artist has put the jobless man on the airplane to remind us that many like him still does exist (because he is so large in comparison to the whole airplane), and that they are still experiencing problems and hardship. Therefore it is pointing to the distortion of people’s view of the ‘recovery’ that we are experiencing.

Recoveries should take into account all of the main macroeconomic goals: