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Lately I have read the opinions of a number of economists. Each giving strong advice concerning our current credit crises and recession. Each of them sound good, but as with most experts, it is very hard to understand them. And none of the experts actually agree with other experts. So I have decided to translate some for the benefit of my readers.

Next expert is Larry Lindsey, CEO of Lindsey Group

Larry advises that the effects pf the stimulus package will be short lived. He worries that since the government will have to borrow to fund the stimulus, it will put a huge strain on “global capital markets” and will therefore “crowd out” private sector activity. He further predicts that, because of government funding, costs in health care and education will rise, while private sector profit margins and wages will shrink. So we will be worse off in a year.

Larry is not suggesting that the stimulus will not create jobs, but that the jobs will be government controlled. He seems to believe that only private sector jobs are really worthwhile.

In summary, Lindsey says that private enterprise should be the ones stimulating the economy by investing in new research and development and creating jobs. I agree – they should have been doing so for the last decade.

So to translate Larry, our federal government and we taxpayers should turn this problem over to the private sector. Companies like General Motors, Chrysler, and Bear Sterns are better equipped to create more jobs and rescue our citizens from unemployment. Corporations like AIG, Morgan Stanley, and Citi Bank can do a much better job of sparking our economy.

Now doesn’t that sound better?