Reading the various articles about economy, about inflation, about recovery, about unemployment and about health reforms,make everyone of us prosaic and disenchanted.
To revive my enthusiasm , I settled to go through the children's tale Goldilocks And Three Bears
It was a pleasant sojourn.
Goldilocks experience in the house of the Three Bears,has relevance to the economy.
She after a walk in the forest , knocks at the door of the house.
As she gets no response,enters .
She tries the various chairs, that of the father, mother and the baby.
She inds the little chair comfortable.
She , then starts tasting the porridge in the three bowls.
Again the analysis takes place, the father's is too hot, mother's is too cold, and the baby's is just right.
She ate it all up.
After the meals , she wants to sleep.
Once again the test of resistance is carried out.
The first bed is too hard, the second one is too soft, the third one is just right.
She sleeps peacefully, until the family of bears come in.
The world is in a state to chose the right direction, that which befits the necessity, that which focuses on the requirement,that which is appropriate at the present context.
As Goldilocks lost her way in the forest and became hungry, so the world economy has been led astray by infinite forces and has been pushed to a stage of despair.
As the young girl chose the right chair.
The economy has to select the right policy.
As the little one found the best meal.
The analyst have to identify the exact solution.
As Goldilocks decided on the proper bed, which is neither too hard or too soft.
The government has to chart out a revival plan that is neither rigorous, nor mild
Krugman recommends a liberalised stimulus. He wants more injection of funds to sustain the economy , which has turned to a path of recovery.
Other economists feel, further advancing will splatter the economy.
A reference to this ordinary child's story gives valid disclosures.
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