Both Democrats and Republicans acknowledge that the Great Recession was caused b...

smooth_remmy on Sept 9, 2020 | parent | context | favorite | on: The Fed now owns nearly 1/3 of all U.S. mortgages

Both Democrats and Republicans acknowledge that the Great Recession was caused by government housing policy. So presumably - if we had a small government with no Fed - we would also have no Fannie Mae and the Great Recession would have never happened.