why did economic crisis emerge from USA
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Answer:
Those who do not remember history are condemned to repeat it. Even when that history is only a decade old, evidently.
The global financial crisis, the deep recession it caused, and the weak recovery that followed have produced plenty of lessons about helping the economy escape from a period of trauma. The United States seems to be ignoring some of them in its response to the coronavirus pandemic.
Several prominent Republicans in recent days have raised alarm bells about rising public debt. They’ve also indicated their opposition to further financial help for state and local governments. Leaders of both parties in Congress have structured business bailouts as loans from the Federal Reserve rather than as direct assistance to struggling companies.
And signs of bailout fatigue are already starting to appear, particularly among Republicans — raising the risk that government help for the economy will dry up before a potential coronavirus depression is contained — which was a key reason the last economic recovery was so slow for so long.
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- ᴀ ғɪɴᴀʟ ᴄʀɪsɪs ɪs ᴀɴʏ ᴏғ ᴀ ʙʀᴏᴀᴅ ᴠᴀʀɪᴇᴛʏ ᴏғ sɪᴛᴜᴀᴛɪᴏɴ ɪɴ ᴡʜɪᴄʜ sᴏᴍᴇ ғɪɴᴀɴᴄɪᴀʟ ᴀssᴇᴛs..ɪɴ ᴀɴ ɪɴᴛᴇʀɴᴀᴛɪᴏɴᴀʟ ᴄᴏɴᴛᴇxᴛ ᴍᴀɴʏ ᴇᴍᴇʀɢɪɴɢ ᴍᴀʀᴋᴇᴛs ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴀʀᴇ ᴜɴᴀʙʟᴇ ᴛᴏ sᴇʟʟ ʙᴏɴᴅs ᴛᴏ sᴇʟʟ ʙᴏɴᴅs ᴅᴇɴᴏᴍɪɴᴀᴛᴇᴅ ɪɴ ᴛʜᴇɪʀ ᴏᴡɴ.
- ᴛʜᴇ ᴄᴀᴜsᴇs ғɪɴᴀɴᴄɪᴀʟ ᴀɴᴅ ᴇᴄᴏɴᴏᴍɪᴄ ᴘᴏʟɪᴄɪᴇs ᴏғ ᴛʜᴇ ᴅᴇᴠᴇʟᴏᴘᴇᴅ ᴄᴏᴜɴᴛʀɪᴇs,ᴘʀɪᴍᴀʀʏ ᴛʜᴇ ᴜɴɪᴛᴇᴅ sᴛᴀᴛᴇs.
ᴍᴀʀᴋ ᴍᴇ ᴀs ʙʀᴀɪɴʟɪsᴛ❤