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Unconditional Containment

In: Crisis: Cause, Containment and Cure

Author

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  • Thomas F. Huertas

Abstract

Meltdown did not happen, but the world came close. Following the failure of Lehman Brothers the world economy went into a free fall. Output declined at an even faster rate than it had at the start of the Great Depression. The prospect of a downward debt-deflation spiral loomed.1

Suggested Citation

  • Thomas F. Huertas, 2011. "Unconditional Containment," Palgrave Macmillan Books, in: Crisis: Cause, Containment and Cure, edition 2, chapter 5, pages 82-99, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-32135-9_6
    DOI: 10.1057/9780230321359_6
    as

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