Este é o título do novo livro de Richard Posner. Em resenha do livro no NYT, Niall Ferguson argumenta que Posner lembra um pushmi-pullyu, ao condenar o big government e aderir ao keynesianismo. Para Posner, as causas da crise foram falhas na política monetária (baixa taxa de juros, entre 2001 e 2004), falhas regulatórias e falhas no rigor intelectual. Entretanto, ele vê com bons olhos os gigantescos déficits fiscais provenientes das políticas keynesianas para "resgatar a economia". Mr. Ferguson conclui:
"Posner makes it clear that he understands the risks the United States now faces as the crisis of private finance continues its metamorphosis into a crisis of public finance: an exploding debt relative to gross domestic product; larger risk premiums as investors prepare for higher inflation or a weaker dollar; rising interest rates; a greater share of tax revenues going for interest payments; a diminishing share of resources available for national security as opposed to Social Security. “As an economic power,” Posner concludes, “we may go the way of the British Empire.” Indeed. It seems not to have struck the judge that British decline and the rise of Keynesianism went hand in hand. "
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