After years of austerity, the economy does not restart, unemployment is rising and government budgets are worsening (even in countries such as Spain with a low public debt-to-GDP ratio before the “financial crisis”). Policy makers have intervened to “save” the capitalist system, even through bank bailouts (thus provoking a consequent increase in public debt). Is this the case for supporting the aggregate demand? There is no money, they say. What we want to highlight is exactly the opposite: there is “too much” money, concentrated in a few hands.
The Western World in the Wealth Trap
RUSSO, Alberto
2014-01-01
Abstract
After years of austerity, the economy does not restart, unemployment is rising and government budgets are worsening (even in countries such as Spain with a low public debt-to-GDP ratio before the “financial crisis”). Policy makers have intervened to “save” the capitalist system, even through bank bailouts (thus provoking a consequent increase in public debt). Is this the case for supporting the aggregate demand? There is no money, they say. What we want to highlight is exactly the opposite: there is “too much” money, concentrated in a few hands.File in questo prodotto:
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