Download or read book The Keynesian Endpoint written by Tony Crescenzi and published by FT Press. This book was released on 2010-10-15 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: What happens now? Economics in an age when fiscal stimulus can’t be funded and no longer works. After Lehman fell, the scope of the financial crisis became so great that only the fiscal and monetary authorities possessed balance sheets large enough to resolve it. But if the U.S. is backing its financial system, who’s backing the U.S.? Practically, nations have reached “the Keynesian Endpoint”: No more balance sheets are left to support either economic activity or the financial system.