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Is today's economy repeating the same mistakes of the 2008 GFC? | 60 Minutes Australia
Mar 16 2023
In 2008, the government handed out a $10 billion Christmas present. It was designed to help insulators from the horrors to come: a-spend your way out of troubles-solution. And of course it came after the massive international bank rescue plan. All these should have eased the pain, restored some confidence. But there was another problem looming: global recession, that had caused the fear and uncertainty. So, what was behind this crisis? How did the poison spread from Wall Street, to Main Street USA, to your street here in Australia?
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