The result is today’s stagnant economy, marked by anemic growth that threatens to become the new normal. The United States and Europe are on track to have thrown away 10% of their potential wealth, while the failure to strengthen financial-sector regulation has left the world economy exposed to the risk of another major crisis.
由此产生的政策足以阻止2008年后的衰退演变为完全的萧条；但这一局部成功的代价也是巨大的，它让政客宣布危机已经被克服，应该采取紧缩并专注于结构改革。结果就是现在的经济停滞，其特征是增长无力并且随时可能成为新常态。美国和欧洲损失了10%的潜在财富，而没有强化金融部门监管让世界经济随时可能迎来新一场大危机。