Playing with Fire

Steven Rosefielde and Daniel Quinn Mills

Chapter 1 in Global Economic Turmoil and the Public Good, 2015, pp 3-9 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The global economy is becoming increasingly turbulent. Another and more virulent version of the financial crisis is likely, although many vainly hope that if the Federal Reserve can keep interest rates down we will muddle through. Much can be done to prevent another catastrophic financial crisis but probably will not. The key reason for inaction is that political and economic leaders insist that the current economic situation is for the public good. It is not…

Keywords: Global Economic Crisis; Global Financial Crisis; Crisis Prevention; Global Economic Sclerosis; European Union; Monetary Union; Fiscal Union; United States; China; India; Japan; Monetary Policy; Keynesianism; Central Banking; Fiscal Policy (search for similar items in EconPapers)
Date: 2015
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