The important thing to a easy operating economic system is having sound fiscal and monetary insurance policies. Re-publishing content material or repurposing and reutilizing existing information and data” (Picard, 2010a, p. eighty four) has been an often-used technique whereby items for the printed or broadcast version were reused online, generally in an abbreviated format.
The media may spin certain data to realize acceptance by the masses, even when the information is inaccurate – Some historians clarify that in the 1950s-Sixties, the American people had been straightforwardly lied to, however in the 2000s, they are talked into believing what some media broadcasters wish them to believe.
Tax revenues are highly dependent on the economy: if its going properly, individuals are employed, firms are earning money, and the federal government is receiving increased tax revenues (as we saw during the Nineties, when the federal government constantly ran funds surpluses).
These would be 1) greed, 2) simple credit, 3) an asset people find priceless, 4) uncontrolled speculation in that asset, 5) an overleveraged financial sector, and 6) lack of central government regulation of the financial sector or unwillingness of government to enforce obtainable rules.
One other issue that helped fuel the sub prime increase was the Federal Reserve Board, as a result of if they had raised the interest rate at any time, the economy would have failed sooner. Nevertheless, when the financial system is going poorly, tax revenues will go down even when tax charges stay the same.