As promised in class--here are two articles about the current economic crisis, specifically the problem with subprime loans/housing bubble/financial crisis. I really, really, really, really, really, wanted to assign them as homework, but I am trying give you a bit of a break on the homework. I highly recommend that you read these, and use them for your persuasive essays.
The Subprime Crisis was caused by the Community Reinvestement Act. (Government involvement caused the crisis--neoclassical perspective.)
The Subprime crisis had nothing to do with the community reinvestment act. (Lack of government involvement caused the crisis-keynesian perspective)
Here's an article from Multinational Monitor(keynesian perspective) that argues that neoclassical/neoliberal policies were to blame for the current recession: Wallstreet's Best Investement:
Ten Deregulatory Steps to Financial Meltdown. Here's an article from the Cato institute (neoclassical) arguing that it was government policy that got us into the current economic crisis.
How did we get into this Financial Mess?You will note that each side has a lengthy persuasive argument stating that the current recession happened for exactly opposite reasons! Your opinion on this MATTERS tremendously. People are actively fighting over the ideas in your head--and IDEAS are powerful. Don't just be an ideologue one way or the other. Seek the truth. Barstow.