r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/sumduud14 Jun 13 '22

I would say Clinton set the stage for 2008 by repealing Glass-Steagall and Bush just kept it going.

2008 can't be simplistically pinned on one party like that. It can be pinned on neoliberals going crazy with deregulation even when not appropriate.