Discuss good economic policies' impact on the United States.

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Ashley Kannan | Middle School Teacher | (Level 3) Distinguished Educator

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I think that you will find different answers based on the very premise of the word "good."  Different people will view different policies as "good" based on their own beliefs about what constitutes good economic policies.  I define "good" economic policies as ones that allow free market principles to be realized, while preventing the abuse of the market ideas that allow certain individuals to become wealthy while others become disempowered.  In that light, the Sarbanes- Oxley Act of 2002 is an example of one such policy.  Passed in 2002, in the wake of severe corporate malfeasance on wide levels, the act was designed to ensure that accounting policies and business practices of corporations moved closer to being transparent.  At the time, several corporations were engaging in fraud on a wide scale, impacting many individuals.  I think that this is an example of a good economic policy because it is one that supports free market principles, while stressing that if the market is broken due to individual greed, everyone loses.

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