Part 2/8:
Participants in the discussion highlight a potential "death spiral" where both consumers and businesses might tighten their belts in response to economic pressures. This cycle could lead to significant layoffs and inevitable inflation, creating a feedback loop of economic contraction. As the downturn continues, it becomes apparent that the ramifications of such policies are not just fleeting; they are likely to have profound and lasting effects on both the economy and the political climate.