The U.S. is poorly prepared for the next recession—but not for the reasons most people think (allegedly too-high public debt and too-low interest rates). Instead, we’re poorly prepared because we never made a dent in reducing inequality during the current economic expansion, and because too many of our policymakers have not fully grasped the economic fact that fiscal policy, particularly increases to public spending, is the most effective tool for ending a recession and aiding recovery. Monetary policy (Federal Reserve action) plays an important supporting role, but it cannot fight a recession by itself.
Hope I helped! Ask me anything if you have more questions! Have a nice mourning! Brainiest plz! Hope you make an 100%! -Amelia♥
