Reflect on the following questions in your discussion post for this unit, and use the readings and videos from this unit to support your assertions

One of the biggest current market failures in the United States economy is its financial crisis. This situation may exist in the form of a collision in the stock market, an increase in rate of unemployment, and banking defaults, which leads to a recession in the economy. This debt crisis caused panic and financial disturbance around the world. It occurred due to the excess of borrowing and distorted a real financial situation based on the assumption that the domestic pricing only rises.

The failure can be addressed by reducing the consumption of goods that is unhealthy to the consumers by increasing taxes. The price strategies plotted to change the conduct of both the consumers and producers. The government should also impose specific policies to reduce the level of unemployment, labor market regulations, and property rights changes.