Is it possible for politicians to create economic policy

Reference no: EM13244516

"From this aspect, therefore, the whole of economics canbe reduced to a single lesson, and that lesson can be reduced to asingle sentence. The art of economics consists in looking notmerely at the immediate but at the longer effects of any act o rpolicy; it consists in tracing the consequences of that policy notmerely for one group but for all groups."
Considering the quote above, is it possible for politicians to create sound economic policy? Why or why not? If you think theanswer is no, what should be changed to make it possible?

Reference no: EM13244516

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