What is Armchair Economist?
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Any person who does not have the intelligence or experience to even begin to understand the world's economies but decides their opinions are what will return the world to a time of prosperity anyway. These people often make no effort to even consider the possibility that people who do this for a living are acting in the best interest of the majority.
I heard some armchair economist say, "if the government gave everyone a new Chevy, that would fix the economy".
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