The Keynesian Endpoint

Released on by Tony Crescenzi
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  • The Keynesian Endpoint Book Detail

  • Author : Tony Crescenzi
  • Release Date : 2010-10-15
  • Publisher : FT Press
  • Genre : Business & Economics
  • Pages : 55
  • ISBN 13 : 0132597276
  • File Size : 61,61 MB
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The Keynesian Endpoint by Tony Crescenzi PDF Summary

Book Description: What happens now? Economics in an age when fiscal stimulus can’t be funded and no longer works. After Lehman fell, the scope of the financial crisis became so great that only the fiscal and monetary authorities possessed balance sheets large enough to resolve it. But if the U.S. is backing its financial system, who’s backing the U.S.? Practically, nations have reached “the Keynesian Endpoint”: No more balance sheets are left to support either economic activity or the financial system.

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