Monday, February 09, 2004

There is a simulation game that we can run in Macroeconomics. It is called the Presidential Game. We basically are the President of the United States and we get to run the economy. We can play with interest rates, government spending and taxes, and stay in office for up to 12 years, if we are not impeached by the opposition party for messing up so much with domestic affairs - no pun intended ;-)

Then we can see how well we performed Vs actual presidents.

Anyway, we tried a couple of totally irresponsible moves, created record levels of unemployments, sky high inflation rates, completely unstable financial markets and disillusioned citizens which led to an impeachement after 5 years. Yet, we scored third. LBJ topped the list.

Scary.

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