Economists

Despite what economists believe, their faith that 'money is Liquid' is a misrepresentation. Another term I often hear, economists argue in order to prove whatever points they are making, "What goes up comes down". Money is not liquid, nor fluid, unfortunately not even physical. Laws often stated by economists borrowed from Newton's law of Conservation of energy or Einstein's E=mC^2, are also not true. Money may get destroyed to nothing - absolute nothing and without emitting any energy at all! In fact this money disappearance ability is similar to that of Cheshire cat in Alice in wonderland; used by any number of people to be overnight rich and yet evade taxes or not recognized by any probe.
However, there is some relationship with money and economy.
Prosperity of a region is achievable with money in the form common currency for that region. Prosperity of a region is directly proportional to the time it takes to reach from source of currency generation to its disappearance (not in circulation) in that region; that is becoming unusable either due to inflation or just stowed away in a different region in the name of Globalization, Black money, or hidden asset or otherwise.
Prosperity of a region has nothing to do with any kind of practiced philosophy in that region - Capitalism, Socialism, Communism, Autocracy, Democracy, Macro or micro economics of economists, honesty or religion and whatever.
The currency is generated money; supposed to be equivalent of work done over a definite period of time, say One Man Year and should be time invariant. The definition of currency can be diluted by any preaching of voodoo science or philosophy. This unit may be $20k today, $10k in 1990, $1000k in 1940 in USA.
I shall clarify this further. One man year effort as an unit effort is same in 2011 in USA and in every year, say for instance in 1911 in USA. If one man year effort is $20000.
When Fed decides to pump $2 Trillion in the economy of USA, it must generate 200 Million Man Years of work in US. However it does not - I can name the reasons but it can be worked by you as an exercise. It generates only 2 million jobs. $1.5 Trillion is siphoned without trace by the the middlemen who are supposed to invest or engage man power. With 100 million Man Years available work force we have 2 Million actual engagement from $2 Trillion fresh money injection. With $14 Trillion existing money in circulation we have 14 million engagements. Totally we have about 1/6th of work force is employed while we need 100% employment regardless of practiced philosophy in our region to call ourselves stable and prosperous and we are far from it.
What about in 2012?
Our available workforce shall be 105 million. Our available money in circulation is $14.5 Trillion. If our man year effort is $22000, we can't hope to engage any significantly more than 14 million men. What about unused work force? It is our national loss from unutilized resources. In the year 2011, we have to support them without option by doling out $0.5 Trillion to keep them alive. In 2012 it shall require $0.6 Trillion. In order to reach 1/6th work force engagement as in 2011, we shall need 3 million new jobs and about $3.3 Trillion currency injection. In the year 2011 our debt increased by $1.5 Trillion; in 2012 the debt shall increase by further $2.5 Trillion if we are to inject $3.3 Trillion.
We have to reverse this process not by engaging on talks of our philosophy, election manifesto, or what is right - Capitalism or Conservatism; but by making change of our economic or governance and money distribution policy within region and forget about merits of Globalization.
We have to increase engagement of work-force by investing money directly to the work force rather channels such as Bank, Insurance or Wall Street. We need to cut down import, and increase export. We need be designer as well as producer of finished product and protect our export market by way quality and efficiency of our product. We have increasing debts with increasing hidden money that is being invested elsewhere and competing with our economy in whatever name - globalization. This hidden money has to surface in our region - only way this can be done is by competing with Corporation and Financial Institutions directly.
Our end goal must be 100% engagement for our available work-force and positive balance of trade. This must be achieved within a planned period of 10 years (say). The end goal must be the binding contract between all entities - government, Financial institutions, Corporations, ..., and political parties.
During the plan period, every year we must decide the fresh money to be injected and the manner it shall be injected, analyzing the result of of the previous years' work force engagement, balance of trade, and results from our identified areas of investment.
Economy of a region does not depend on Capitalism Liberalism or Corporate profit must be well understood. Governance must have concrete goal - 100% Work Force engagement and positive balance of trade.
Lastly, I define PROSPEROUS REGION - 100% engagement of available work force and positive balance of Trade.