Economy?

When fixing problems as complicated as our economy, a certain degree of frankness is necessary. So before I state my plan, let me say that although I am an intelligent individual, I know next to nothing about economics and finances. Seriously, economics is the most confusing field of studies in my opinion. Judging by the other posts, however, I can see that I am not the only one that believes this.

If I was given absolute power over the government's economy, I would first begin my task, or rather labor, by creating a economy-saving dream team. Because I know very little about what I would need to do, I would choose to surround myself with the most intelligent and informed economists that would be willing to assist me, which is like what Warren G. Harding chose to do. With such a team, I would be able to receive the best advice on what to do, and also a diverse range of opinion.

As a conservative, I would most likely start by reducing government spending and decreasing the taxes of individuals. This seems to be the most effective way to curb the economic downturn and make the American economy strong again. So, I suppose one could say that I would be a supporter of the Reaganomics ideology. However, I do not think much change would be needed because the economy has a way to repair itself overtime. So perhaps a more hands-off approach would be the suitable way of handling the economy. Once again, though, I am no expert in the field and therefore have no say in the matter.