ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Finance and Growth under Neo-liberalism

The monetary policy of a neo-liberal state can only ease the availability of finance for the capitalists by deliberately inducing economic agents to underestimate risk. A continuous easing of the capitalists’ budget constraint in this manner makes the financial system fragile, such that economic booms are merely bubbles, while financial crashes, when they occur, are more devastating than ever.



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Updated On : 16th May, 2019

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