Keynes, Friedman, and the New Crisis in Capitalism
by
Tim Congdon
Language: English
Release Date: November 1, 2011
In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called Great Moderation”), with steady growth and low inflation. But the period since mid-2007 (the Great Recession”) has seen the worst macroeconomic turmoil since the 1930s. A dramatic plunge in trade, output...