The financial crisis of 2008 caused macroeconomists to rethink monetary and fiscal policies. Economists, financial experts, and government policymakers are victims of what former Fed chairman Alan Greenspan called a “once in a century credit tsunami”—in other words, nobody saw it coming. Based on the analysis of the data, share your thoughts on what caused the financial crisis and whether the United States is going in the right or wrong direction with its current policies. Focus specifically on the following:
The financial crisis of 2008 caused macroeconomists to rethink monetary and fiscal policies. Economists financial experts and government policy makers are victims of what former Fed chairman Alan Greenspan called a “once in a century credit tsunami”—in
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