Beyond the Keynesian Endpoint

Beyond the Keynesian Endpoint

Crushed by Credit and Deceived by Debt--how to Revive the Global Economy

Book - 2012
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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.
Publisher: Upper Saddle River, N.J. : FT Press, c2012
ISBN: 9780132595216
0132595214
Branch Call Number: 332.042 C863b 2012
Characteristics: 298 p. : ill. ; 24 cm

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