Ben Bernanke

stimulus is the term used to help a struggling economy. The Fed argues by decreasing interest rates and increasing the spending within the government are a couple examples of how economic stimulus works. In this article the Fed’s chairman Mr. Ben S. Bernanke explains to the Senate how they are improving the economy. Mr. Benanke states that the econmony is continuing to grow, however the unemployment rate still remains over 6.5%. The Senate does not agree with the thought process that the Fed…

Neoliberalism represents an attitude and structure of society which centers everything around the economy and promotes economic growth. On paper this may sound positive; however, this economic growth helps some at the expense of others in many occasions, and thus leaves a tear in the moral fabric of society. The Big Short, by Adam McKay and Charles Randolph, is a film that details the 2008 financial crash, and how a select few investors betted against what seemed to be the entire world and won.…

In Sanders book he states that academics have identified a number of factors that set the stage of the mortgage market “Financial innovation in the form of asset securitization… Imprudent business and risk management decisions based on the expectation of continued housing price appreciation Faulty assumptions in the model used by credit rating agencies… Gaps and weaknesses in regulatory oversight… Government policies to increase home ownership … lending to higher-risk borrowers… economic…

Throughout this essay I will be discussing the differences of ‘Recessions’ and ‘Depressions’. I will also look at any similarities and/or differences in the factors that led up to ‘The Great Depression’ in the 1930s and ‘The Great Recession’ more recently in 2007 – 2010. The last subject I will cover is ‘Secular Stagnation’. I will define and discuss whether the western economies have entered into ‘Secular Stagnation’ if I believe they have I will then also look into ways the crisis could be…

These agencies and their “varying rules and standards led to certain entities not being regulated at all, with others subject to less oversight than their peer financial firms organized under different charters” (Morrison & Foerster, 2010, p. 6). After the financial crisis, analysts pointed to the “many regulatory failures” and gaps in oversight as the reason unethical and illegal practices were overlooked or ignored (Madrick, 2010, para. 3). As a result, the provisions set out by…