Economists: Stimulating The Economy Is Simple – Just Find The E-Spot

Story by Bryce Wergin 

| Published Sep 8, 2009

It seems like despite our best efforts, it’s impossible to stimulate the economy. We’ve tried things like bailouts and packages to increase spending, but no matter what we do the economy just isn’t feeling it. However, some economists are speculating that getting the economy stimulated again might be simpler than we think.

“We’re just over-thinking things,” said NYU economics professor Ron Seymour. “The economy isn’t going to respond to all this elaborate stuff we’re trying to do. We need to find an equilibrium point, commonly referred to as the economy’s ‘E-spot.’ That’s all it takes, really. Just find that E-spot and the economy will stimulate just like that.”

Economists like Seymour are confident that if we find the equilibrium point in the economy, things will bounce back to the way they used to be. “It might take a little bit to find the E-spot,” said Brian Buhr, head of the applied economics department at Northwestern University. “But once we do we can just stick with it and maybe even use the invisible hand. I’ve never seen an economy that isn’t stimulated by that.”

Buhr went on to say that we as a nation have to “get all up in that economy” and “pay a lot of attention to that E-spot” to keep it stimulated.