The Bush-Obama Stimulus Programs and the Future of American Capitalism

Authors

Randall Holcombe, Florida State University

Abstract

This paper discusses the implications of the measures that the U.S. Federal Government has taken in response to the recent financial crisis. It focuses on the Federal Reserve, the Troubled Asset Relief Program, the Obama stimulus package, and the bailouts of various industries by the Federal Government. This paper argues that these policies undermine the fundamental incentives of the market economy, but what we can learn from these policies to avoid similar negative consequences in the future.

Recommended Citation

Holcombe, Randall (2010) "The Bush-Obama Stimulus Programs and the Future of American Capitalism," Pepperdine Policy Review: Vol. 3, Article 6.
Available at: https://digitalcommons.pepperdine.edu/ppr/vol3/iss1/6