Deliverable Length: 1,500–2,000 words
The financial crisis of 2008 has caused macroeconomists to rethink monetary and fiscal policies. Economists, financial experts, and government policy makers are victims of what former Fed chairman Alan Greenspan called a “once in a century credit tsunami”—in other words, nobody saw it coming.
Because you are now the expert in macroeconomics, your friends keep asking you your thoughts on what caused the financial crisis and whether the United States is going in the right or wrong direction with its current policies.
Focus specifically on the following:
Make sure you include the following concepts in your analysis:
In your opinion, did government intervention help or harm the economy before and after the panic of 2008? Would you have done anything differently?
Make sure you use research to back up your argument.