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Goldilocks and the Three Bears

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Author Info
L. Randall Wray ()

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Abstract

Unlike the Papa, Mama, and Baby Bears faced by the storybook Goldilocks, our Goldilocks faced three ferocious grizzlies: a cascading, global financial crisis; global deflation and excess capacity (or insufficient demand); and a domestic fiscal surplus in conjunction with record private deficits.

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Paper provided by Levy Economics Institute, The in its series Economics Policy Note Archive with number 98-7.

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Handle: RePEc:lev:levypn:98-7

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  1. Jamee K. Moudud, . "1999 Levy Institute Survey of Small Business: An Impending Cash Flow Squeeze?," Economics Policy Note Archive 99-9, Levy Economics Institute, The. [Downloadable!]
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This page was last updated on 2009-11-30.

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