>Before the Federal Reserve, recessions devastated the US economy every 20 years in the United States And other than in the afterglow of victory in WW-II, this

>Before the Federal Reserve, recessions devastated the US economy every 20 years in the United States And other than in the afterglow of victory in WW-II, this continued on, with the additional hazard of yet even more power for government to mismanage the monetary supply. >The last two recessions were pretty bad but they weren’t due to monetary policy but rather fiscal policy + bad actors and a pandemic. Monetary policy and fiscal policy have a habit of being intertwined when one of the feds main mechanisms for introducing currency into the public is to buy various bonds and debts that are influenced by fiscal policy. The fact is for most recessions you can't put all the blame in any one box.