The US could end up running a deficit of more than 10 per cent of gross domestic this year (adding the cost of the stimulus package to the Congressional Budget Office's optimistic 8.3 per cent forecast). Today's born-again Keynesians seem to have forgotten that their prescription of a deficit-financed fiscal stimulus stood the best chance of working in a more or less closed economy. But this is a globalised world, where unco-ordinated profligacy by national governments is more likely to generate bond market and currency market volatility than a return to growth.
到今年年底，美国的赤字可能会超过国内生产总值的10%（在国会预算办公室(Congressional Budget Office) 8.3%的乐观预测上，加上财政刺激计划支出）。如今重生的凯恩斯主义者似乎已经忘记，他们开出的赤字型财政刺激药方，最有可能在多少有些封闭的manbetx20客户端下载 环境下起作用。但如今是一个manbetx app苹果 化的世界，各国政府间不协调的恣意挥霍更有可能导致债券和外汇市场动荡，而非manbetx20客户端下载 重新增长。