- Open a new thread and answer the question posted below. Your answer should be in the form of a mini-essay between 150-300 words.
- Read and respond to at least one of the your other classmate’s posts.
Question:Do you agree with the view that the experience of the recent financial crisis shows that monetary and fiscal policies are essentially useless in the face of an imploding economic crisis; moreover, these policies bring about tremendous economic transfers from the poor to the rich. Therefore, it is argued that the economy should be left to itself for natural healing.