**(CBS) ** Are you up to here with all the grim economic forecasts? Contributor Ben Stein happens to be an economist, among other things, and has the hat to prove it …
Okay. Let me put on my weather-beaten economist’s hat again and try to explain something important.
As we all know, we are in a recession that is bad and getting worse. So, basic question: How do we get out of it?
Well, look at it this way. The economy grows because of two factors: M, which is the quantity of money in the economy, which is controlled mostly by the Federal Reserve; and V, the velocity of money, or the rate at which it changes hands - or, as one might say, the speed with which it is borrowed, invested and spent.