La crisi si autoalimenta
Res publica 08.08.11
Il giorno del giudizio dopo il downgrade del rating USA è arrivato e non è passato inosservato.
Paul Krugman sintetizza il rischio loop della crisi in quattro punti.
1. US debt is downgraded, sparking demands for more ill-advised fiscal austerity
2. Fears that this austerity will depress the economy send stocks down
3. Politicians and pundits declare that worries about US solvency are the culprit, even though interest rates have actually plunged
4. This leads to calls for even more ill-advised austerity, which sends us back to #2
