Argumentrix is a wiki of claims and rebuttals
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Please do not discuss your opinions; no one should know what you believe. Adopt the site's tone and style: simple, blunt, precise, direct, plain, to-the-point. Include only the absolutely necessary context, and eliminate jargon. Content that is convincing, rhetorical, persuasive, elegant, evocative or embellished may be removed.
It is possible for government intervention in the economy to reduce the negative consequences of the business cycle
From Argumentrix
| It is possible for government intervention in the economy to reduce the negative consequences of the business cycle | |
|---|---|
| Subjects | |
| Business cycles |
Capitalism |
| Economics |
Government |
| Linking arguments | |
| Governments should perform certain functions
| |
- Note: This is the core belief behind Keynesian economic theory.
Supporting arguments
Through government spending, economies can be buoyed during economic recession, ameliorating its harmful effects. [1]
One historical example of success in this area was the Panic of 1907, which threatened to cause great harm to the American economy before government intervention ended the problem. [2]
Opposing arguments
Government intervention is not successful at helping economies recover from recessions. One example is the recent recession that began in 2007. The US government used economic stimulus to end the recession, and it has not been successful. [3]
Notes
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