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When the Money Runs Out

Stephen D. King




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 | #209407 in eBooks |  2013-05-15 |  2013-05-01 | File type: PDF

||35 of 37 people found the following review helpful.| How to Overcome the Feared End of Western Affluence|By Serge J. Van Steenkiste|Stephen King convincingly demonstrates that the once successful economies can suddenly and unexpectedly decelerate and then decline. The financial, political, and social ramifications of this reversal of fortune can be profound. Think for example about Argentina and Japan (pp. 13-26; 39; 135; 161| |"'For many, the financial crisis is a temporary interruption in the rise of western prosperity that is due to easily remedied policy mistakes. The Keynesians believe this, as do anti-Keynesians on the free-market right. King argues, instead, that the future is

The Western world has experienced extraordinary economic progress throughout the last six decades, a prosperous period so extended that continuous economic growth has come to seem normal. But such an era of continuously rising living standards is a historical anomaly, economist Stephen D. King warns, and the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future.

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