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Courting an Avoidable Financial Crisis

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  • Joseph J. Minarik
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    Abstract

    This paper provides an interpretation of how U.S. politics dulls the awareness of policymakers as to the danger of the current fiscal-policy deadlock in Washington, which could set in motion vicious cycles that could not be reversed. It hypothetically extrapolates that behavior to show how it could take the country beyond a tipping point into a financial abyss. The purpose is to show the urgency of honorable compromise to head off irreversible drastic consequences.

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    File URL: http://econjwatch.org/file_download/530/MinarikJan2012.pdf
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    File URL: http://econjwatch.org/780
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    Bibliographic Info

    Article provided by Econ Journal Watch in its journal Econ Journal Watch.

    Volume (Year): 9 (2012)
    Issue (Month): 1 (January)
    Pages: 60-70

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    Handle: RePEc:ejw:journl:v:9:y:2012:i:1:p:60-70

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    Related research

    Keywords: sovereign debt crisis; financial crisis;

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