Charade of the Debt Crisis

Business & Finance, Business Reference, Government & Business, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Charade of the Debt Crisis by Steven Kim, Steven Kim
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Steven Kim ISBN: 9781476422381
Publisher: Steven Kim Publication: July 13, 2012
Imprint: Smashwords Edition Language: English
Author: Steven Kim
ISBN: 9781476422381
Publisher: Steven Kim
Publication: July 13, 2012
Imprint: Smashwords Edition
Language: English

In complex fields such as finance and economics, a common blunder involves a mix-up between the destination and the journey. The confusion is showcased by the hoopla during the financial crisis of 2008 in tandem with the debt crisis in Europe.

Among the rash of muck-ups, one example was the batty policy of the politicos for propping up the market for sovereign bonds in Southern Europe. According to the rhetoric of the ringleaders, an official default by Greece or any other country in the vicinity would shatter the common currency in Europe, and clobber the regional economy as well as the entire planet.

No doubt some of the actors in the public sector were taken in by the false arguments. If so, the goof-up stemmed from a patchy grasp of financial and economic issues. An example of this sort lay in the proper role of the banking industry in the economy at large. Another sample involved the true purpose and import of a currency union across neighboring countries.

Amid the din and smog, the politicos plundered the public treasury in order to prop up the battered securities. Sadly, the inept move was a huge waste of the taxpayer’s money. Worse yet, the boondoggles hampered the real and financial markets, thus ensuring that the entire population would lose trillions of dollars worth of income foregone due to a crippled economy.

In any field of human enterprise, a solid grasp of means and ends is the first step toward fixing up a worthwhile solution while cutting down waste and beefing up productivity. The next step is to thrash out a trenchant plan that exploits the opportunities and avoids the pitfalls in the arena. The third task is to put the resulting plan into action with gumption and dispatch.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In complex fields such as finance and economics, a common blunder involves a mix-up between the destination and the journey. The confusion is showcased by the hoopla during the financial crisis of 2008 in tandem with the debt crisis in Europe.

Among the rash of muck-ups, one example was the batty policy of the politicos for propping up the market for sovereign bonds in Southern Europe. According to the rhetoric of the ringleaders, an official default by Greece or any other country in the vicinity would shatter the common currency in Europe, and clobber the regional economy as well as the entire planet.

No doubt some of the actors in the public sector were taken in by the false arguments. If so, the goof-up stemmed from a patchy grasp of financial and economic issues. An example of this sort lay in the proper role of the banking industry in the economy at large. Another sample involved the true purpose and import of a currency union across neighboring countries.

Amid the din and smog, the politicos plundered the public treasury in order to prop up the battered securities. Sadly, the inept move was a huge waste of the taxpayer’s money. Worse yet, the boondoggles hampered the real and financial markets, thus ensuring that the entire population would lose trillions of dollars worth of income foregone due to a crippled economy.

In any field of human enterprise, a solid grasp of means and ends is the first step toward fixing up a worthwhile solution while cutting down waste and beefing up productivity. The next step is to thrash out a trenchant plan that exploits the opportunities and avoids the pitfalls in the arena. The third task is to put the resulting plan into action with gumption and dispatch.

More books from Economic Policy

Cover of the book 金融煉金術的終結:貨幣、銀行體系與全球經濟的未來 by Steven Kim
Cover of the book Crapitalism by Steven Kim
Cover of the book Sistema fiscal español II by Steven Kim
Cover of the book Iran Revisited by Steven Kim
Cover of the book The Accumulation of Freedom by Steven Kim
Cover of the book The Evolution of Money by Steven Kim
Cover of the book Luigi Einaudi: Selected Economic Essays by Steven Kim
Cover of the book Public Financial Management: Principal Issues in Small Pacific Island Countries by Steven Kim
Cover of the book Processo al Nuovo by Steven Kim
Cover of the book An IEO Evaluation of IMF Interactions with Member Countries by Steven Kim
Cover of the book Escape from Democracy by Steven Kim
Cover of the book La España de Abel by Steven Kim
Cover of the book Income Modeling and Balancing by Steven Kim
Cover of the book Central Bank Governance and Oversight Reform by Steven Kim
Cover of the book IEO Annual Report 2004 by Steven Kim
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy