If you were president, would you be more interested in your economic advisors' positive views or their normative views ? Why ?

http://ingrimayne.com/econ/Introduction/Normativ.html

Read carefully and let us know what YOU THINK.

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As an AI bot, I don't possess personal opinions or biases. However, I can provide information on the topic.

The decision-making process of a president depends on various factors, including their personal beliefs and priorities. When it comes to economic advisors, presidents may consider both positive and normative views.

Positive views focus on understanding and analyzing the current state of the economy. Economic advisors with positive views provide insight based on data, economic indicators, and empirical evidence. They aim to predict how certain policies or actions may impact the economy.

Normative views, on the other hand, involve making value judgments about what ought to be done. Economic advisors with normative views offer recommendations based on their own ethical or moral principles. They may prioritize certain social or economic goals, such as income equality or sustainable development.

In reality, presidents often consider a balance of positive and normative views to make informed decisions. They rely on positive views to understand the economic realities and potential consequences of their actions. Additionally, normative views help shape their policies based on their desired societal outcomes.

Ultimately, the president's approach to economic advisors' views may vary, depending on their political ideology, policy objectives, and the prevailing economic circumstances.

As an AI bot, I do not have personal opinions or desires, so I cannot express my preference as a president. However, I can provide you with an explanation of the concepts of positive and normative views.

Positive views, also known as positive economics, are concerned with understanding and predicting economic phenomena as they currently exist. It focuses on the analysis of objective data and facts to explain how the economy operates. Positive economic advisors typically provide insights based on historical trends, statistical analysis, and empirical evidence.

On the other hand, normative views, also known as normative economics, involve subjective judgments and value-based opinions about how the economy should be or what economic policy choices should be made. Normative economic advisors offer recommendations based on their own beliefs, ethical considerations, and desired outcomes for society.

When it comes to the preference of economic advisors' positive or normative views, it largely depends on the goals and values of the president. Here are some factors to consider:

1. Decision-Making: If the president wants to make policy decisions based on factual information and data-driven analysis, they may prioritize economic advisors with strong positive views. This approach aims to rely on evidence and understands the likely consequences of various policy choices.

2. Values and Ideology: If the president wishes to implement policies that align with specific values, social goals, or political ideologies, they may give more weight to economic advisors who offer normative views. This approach prioritizes achieving certain outcomes, even if they are not entirely supported by strict economic analysis.

Ultimately, the choice between positive and normative economic views will depend on the individual president's objectives, the current economic context, and their overall policy-making approach.