Great Recession

Great Recession of 2009 was not caused by the Free Market, but was instead caused by US Government policies

This is a discussion question:
Please read this article: https://ari.aynrand.org/free-markets-didnt-create-the-great-recession/ where the author indicates that the Great Recession of 2009 was not caused by the Free Market, but was instead caused by US Government policies

Answer preview

Since the financial meltdown of 2008-2009, several arguments have been raised in attempting to discern the cause of the financial turmoil. However, different factions have been torn on which party caused the economic downturn. According to the author of the article, the economic policies that the government implemented were the leading cause of the financial meltdown (Sharma & Dua, 2020). The author raises serious fundamental arguments in explaining why the government was the leading cause of the problem. First and foremost, the article rightly dismisses the assertion of an independent, self-regulating private sector is a fallacy that cannot materialize.

(824words)

Scroll to Top