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Beyond the Keynesian Endpoint Crushed by Credit and Deceived by Debt—How to Revive the Global Economy /
During the Great Depression, legendary British economist Keynes advocated using government money to fill the economic void until consumer spending and business investment recovered. But what happens when governments can't do that anymore? You've arrived at "The Keynesian Endpoint"...
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
PH Professional Business,
2011.
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| Edition: | 1st edition. |
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| Online Access: |
Full text (Wentworth users only) |
| Summary: | During the Great Depression, legendary British economist Keynes advocated using government money to fill the economic void until consumer spending and business investment recovered. But what happens when governments can't do that anymore? You've arrived at "The Keynesian Endpoint": when the money has run out before the economy has been rescued. That's where we are. Exhausted balance sheets leave policy makers with few viable options to bolster economic growth; increasingly, they point leaders and citizens towards brutal choices that were previously unimaginable. Meanwhile, investors struggle to navigate volatile markets overwhelmed by sovereign debt—and, as they do, they lose tolerance for fiscal recklessness. In the U.S. and around the world, debt-fueled spending programs devised to cure the global financial crisis are now morphing into poison. In Beyond The Keynesian Endpoint , PIMCO Executive Vice President and market strategist Tony Crescenzi illuminates the mounting sovereign debt crisis, dissects each of the many scenarios now swirling around it, and reveals the profound implications for governments, investors, and the world economy. |
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| Physical Description: | 304 pages |
| Format: | Mode of access: World Wide Web. |
| ISBN: | 0132595214 0132596555 9780132595216 9780132596558 |
| Reproduction Note: | Electronic reproduction. |
| Issuing Body Note: | Made available through: Safari, an O’Reilly Media Company. |