The 2008 financial crisis shattered American confidence in the competence of economic management and market mechanisms, breaking the faith that the US had solved business cycle volatility and could prevent deep recessions, thereby undermining belief in the liberal order's foundational claims.
causalpending
Speaker
Edward AldenEvidence Quote
“The 2008 financial crisis, the very deep recession that followed, I think, really shook the faith that a lot of Americans had that they had kind of figured out business cycles, they'd mastered management of the economy”
Created: 8/10/2026, 10:51:30 PM
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