In this economy today the macro view is more popular than ever. In fact, it seems that people all around the world are becoming more concerned about how the economy is doing, what they can do about it and whether or not they can be proactive in getting it moving again. There are some good points to the macro view, but one of the major problems with it is that it seems to focus on the macroeconomic statistics and their importance.
The micro level is where the real world works and where people are affected directly by the decisions that are being made. I have a question for you as you read this article: If the macro view is so important why does the macro view only seem to include the statistics for the US and other developed countries?
As a matter of fact, it is because if the macro view had any interest at all, then economic decisions would be made in the same way as they are now, and not the way that they were in the 1930s. At that time the US was the most heavily regulated economy in the world and its decisions led to a crash that was much worse than the current one. So why do you think the Federal Reserve decided to raise interest rates and create stimulus programs?
I suppose it could have had some benefits in the future but right now there are no stimulus program in place. That's really not an excuse for the economy to be doing poorly. When we use a macro perspective we can't see past the macro-economic statistics and we will never see the impact of any stimulus program in the future.
The other thing that we really need to understand when we are using a macroeconomic view is that a lot of things in the micro level affect the macro view, so you need to get them all together before you can make any meaningful macroeconomic decisions. It will help you see more clearly that the macroeconomic view may be useful in the short term and that it can be used to plan your actions if you have the discipline to do so, but ultimately you must see the small picture and how it impacts you as a person.
Another good point to keep in mind is that the macro view is not just a tool to see how well things are doing. You must use it for your own personal growth and development. By doing this you will be able to look at what you can do to better your life, and what you can do to make the world a better place for yourself and others.