Economist’s View: “The Action Americans Need”
Because many Republican are in denial about the harm that came from pursuing a hands off, let the economy heal itself policy during the Great Depression, and because they cannot accept the prominent role that fiscal policy played in ending it, they are making the same mistakes all over again. Unfortunately, and perhaps by way of explanation, they won’t have to pay for the costs of the their mistakes, those costs will fall largely on others, e.g. households who suddenly and unexpectedly find their financial foundations ripped out from under them as jobs that could have been saved are lost: