Comparing Economic Storms: Past Recession vs Current Crisis

This chapter explores the upcoming economic storm and debt collapses, drawing comparisons to the 2008 recession and discussing the unprecedented government spending and stimulus response to the pandemic. It also raises concerns about the long-term effects of excessive fiscal stimulus and the potential normalization of concepts like modern monetary theory and universal basic income.

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Danielle DiMartino Booth is CEO and Chief Strategist for QI Research, an independent research firm. She spent 9 years at the Federal Reserve Bank of Dallas as Advisor to President Richard W. Fisher throughout the financial crisis until he retired in 2015. DiMartino Booth's work at the Fed focused on financial stability and the efficacy of unconventional monetary policy. She's also the author of "Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America." DiMartino Booth earned her BBA at the University of Texas at San Antonio, holds an MBA in Finance and International Business from the University of Texas at Austin, and an MS in Journalism from Columbia University. Danielle's research firm: https://quillintelligence.com

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