Meltdowns 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 funk.
I have felt that most regulators and politicians fail to understand psychology that drives the way people affect everyday economics.
What to do, in practical terms, to get out of a recession?
Cut taxes permanently and watch how that creates jobs and spending because of the psychological uplift. Clear doubts for business and the consumer and natural instincts will resolve recessions before they fester into depressions. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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