How could people and governments accept these enormous debts and even recommend further fiscal stimulus? Many public expenditures and budget deficits have no justification other than populism, and the big political loser of the crisis has been European social democracy, Keynesian economics’ political counterpart.
各国政府如何能够接受如此巨量的债务，甚至继续采取进一步财政刺激？许多公共支出和预算赤字根本没有合理理由，纯粹是民粹主义使然，而在政治上，这场危机最大的输家之一便是欧洲的社会民主主义，即政治学版凯恩斯主义经济学。