Who was responsible for the last recession (2007 - 2008 financial crises) Banks (lenders) or Consumers (borrowers)? 2.) Should Banks be forced by the government to make loans to riskier (low income) homeowners? Explain why this is or why this isn't a good policy. 3.) Disposable income is defined as the amount of income we have to spend or save after taxes. Redistribution is where government taxes (confiscates) money from individuals and businesses and spends on projects that the politicians deem are warranted. When the size of government increases it needs more tax dollars to operate which reduces our disposable income further and lessens our freedom of choice. When taxes increase politicians are saying to individuals and businesses "we know better how to spend your hard earned money than you" . In terms of government economic policy, explain why you believe the size of government should increase (have more control of our lives) or why the government size should decrease (more freedoms for individuals). Include your thoughts on, "is it the role of government to attempt to make people happy? Or "is it the role of government to reduce barriers (increase freedoms) for individuals so they may prosper and find happiness on their own (take personal responsibility)" ? minimum word count 300