Read the article “We Can’t Spend Our Way out of This Quagmire” By Lawrence H. White and David C. Rose at
And read the article “ No, the Free Market Did Not Cause the Financial Crisis” by Thomas E. Woods, Jr. At
Then following the questions below write an essay about two article.
The article “We Can’t Spend Our Way out of This Quagmire”
1.Explain in detail reasons for our current economic crisis.
2.What is Keynes’s solution to our current economic problems? Do you think it would work, explain?
3.What is the solution offered by Mr.White and Mr. Rose?
The article “ No, the Free Market Did Not Cause the Financial Crisis”
1.Explain F.A. Hayek’s theory of “business cycle.”
2.According to the Austrian School, What should be our guiding policy for our current economic crisis?
3.What kind of economic policy is our government pursuing to deal with our current crisis? Is it working? What would the
author of this article recommend?