The role of the Federal Government is to set limits. Government efforts can best be effective in their management of the economy by being proactive through enacting fiscal policies (taxation, spending, and debt). Although, at the onset of the 2008 recession there were 16 units of the federal government in place that were supposed to manage economic life and keep us from harm but it happened anyway. As stated by economists George Akerlof and Robert Shiller in their book Animal Spirit, “Without intervention by the government, the economy will suffer massive swings in employment. And financial markets will, from time to time, fall into chaos.”
A second persuasive argument asserts that the government can best affect the economy through the monetary
A second persuasive argument asserts that the government can best affect the economy through the monetary