Online Journal: The U.S. economy and bad government policies - by Rodrigue Tremblay
The U.S. economy and bad government policies - by Rodrigue Tremblay
There have been many policy missteps over the last 20 some years, and this has amounted to a mismanagement of the U.S. economy. The result has been an unhealthy mixture of greed, shortsightedness and market manipulation. And now, all the chickens are coming home to roost and the crisis is deepening. This does not mean that the private side of the U.S. economy is not resilient and strong. It only means that government policies have often been misguided and have damaged the private economy and hurt the people economically. Essentially, at the government level, each new economic crisis seems to have been “solved” by creating the conditions for the next one. This is particularly true in regards to regulation policy, monetary policy, and fiscal policy. Each time a policy choice had to be made, it seems that short-term benefits were often privileged at the expense of long-term costs.