Question
This was produced following the end of the 2008 Great Recession. The theorists that provide the foundation for policy in this century and most of
This was produced following the end of the 2008 "Great Recession".
The theorists that provide the foundation for policy in this century and most of the last are John Maynard Keynes and Friedrich Hayek. Keynes became famous for supporting government intervention when the economy had been damaged severely by either poor macroeconomic policy or exogenous factors (the corona virus is an example of one such factor.) Hayek on the other hand suggested that for the government to involve itself in the management of the macroeconomy would in itself defeat the return to a healthy economy. The second video that I am providing here in the discussion area is found by many students to be fun and informative. If you watch the video, remember that each point, each person and each consideration represent real people, Timothy Geithner, Ben Bernanke, Hank Paulson, etc. The videos were done just after the end of the "Great Recession"; I think we were all here for the "Great" recession. That time was eerily similar to what it going on now pertaining to the FED's and Congress' response to the corona virus pandemic which in many ways is more severe than the previous recession. I provide the first video of this two part series last week (if you did not see it and would like to circle back). This one "Round 2: Fight of the Century" is captivating and surprisingly informative. Here now is "Round 2: Fight of the Century". * Notice the mustaches.
what is the take on this video?
link: https://www.youtube.com/watch?v=GTQnarzmTOc
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