Bringing Back the US Economy to Life - Essay Example

Now, we all know that the US is again facing recession and forecasts say that although this is not the first recession the country is facing if this still continues, the next one could be fatal (Rampell, C., n.d.). This would mean that the US should consider slowing down on pushing for loans in almost any purchase that a consumer could buy which results to slow movement of money in the economy. It does not take too much analysis to know by now that too much credit creates lesser economic activity. However, taking the side of other economists saying that lowering taxes would be the key for the US to rise above the recession is totally wrong because of the fact that one of the main sources of money inflow in these hard times would hugely rely on taxes and lowering this would make it impossible for a recession to get any better as the US government will have lesser funds for the country when it should be able to buy bonds and sell more bonds at the same time increasing the bank reserve requirement. Read More