Prompt #6: Evaluating Sources

There's an article on businessinsider.com about the argument on whether or not to increase government spending to alter the private sector. This is a typical economic problem that happens a lot in many different countries.

Obviously, there are pros and cons for each side of the argument. If government spending increases, the private sector will have less control but unemployment might drop and it could promote economic growth.

On the other hand, if the government spending doesn't increase the confidence in the market will rise and could self-promote economic growth. If that doesn't work, then the economy could continue to be in the same shape.

In this situation I would agree with famous economist Paul Krugman, who is in favor of government spending increasing. Although, both sides of the argument show strong evidence it would be a really tough decision for the Fed to decide. The arguments for both sides are quite convincing in some ways and are effectively explained.

Take a look for yourself and decide which side you would choose: http://www.businessinsider.com/paul-krugman-is-right-2013-4