How should the U.S. government deal with a recession/depression?Refer to today’s recession with examples.

How should the U.S. government deal with a recession/depression?Refer to today’s recession with examples.

How should the U.S. government deal with a recession/depression?Refer to today’s recession with examples.

How should the U.S. government deal with a recession/depression?Refer to today’s recession with examples.

A quick answer to this question would be entirely dependent on which kind of economic thinker you asked.  Some economic thinkers might argue that governments should not interfere in matters of the self corrective measures of the free market, which is what an economic recession or depression is.  For example, the artificial inflation of the housing market where individuals entered into risky mortgages or financial situations whose default triggered the current economic crisis is simply an example of the market regulating itself.  Thinkers who believe this feel that if anyone interferes with the market practices, there is irreparable damage done to nature and fabric of the marketplace.  Other thinkers believe that the business practices that cause recessions should be monitored and action should be taken if individuals/ organizations are engaging in unhealthy business practices.  It is here where both responses to a recession/ depression find divergence.
How should the U.S. government deal with a recession/depression?Refer to today’s recession with examples.