Debacles happen when you get an over=regulated attempt to spend yourself out of a financial tangle while psychologically pushing citizens and business into an ever-deepening recessionary funk.
I have felt that most regulators and politicians fail to understand psychology that drives the way people affect everyday economics.
I have been asked. What would you do if you could, in practical terms, to get out of a recession?
Simple. Cut taxes permanently and watch how that creates jobs and spending because of the psychological uplift. Clear the doubts for business and the consumer and natural instincts will resolve recessions before they fester into depressions.
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