No economy is a machine, despite the poetic renderings of writers or the misguided rhetoric of politicians and their economic advisors. An example of characterizing the Canadian economy as machine appeared in a recent print edition of the Globe & Mail’s Report on Business. The Canadian economy may be pulling out of its steep nosedive, but most businesses still have their seatbelts firmly fastened and oxygen masks at the ready. And they are content, for now, to let government fly the plane. –Brian Milner, August 3, 2009 Mr. Milner’s colorful airline metaphor serves as an illustration of the generally poor understanding most observers have, including many professional … Continue reading “Running” the Economy