Keynesian Chaos

Chan Akya suggests "the 'new normal' isn't going to be defined by the relative economic growth of various countries or the dynamics of inflation; what will define it (as is increasingly becoming clear) is the return of absolute, gut-wrenching volatility that makes investing a permanent state of siege" — The new order is chaos.

"The primary policy response globally since October 2008 has been Keynesian, that is, to throw good money after bad in the fervent hope that any resulting inflation would help to reduce the present value of debts while creating new asset bubbles that could encourage consumers to return to their big spending ways," the author explains, suggesting that "thanks to the counter-intuitive and eventually counter-productive actions of the Keynesians running global governments today, chaos is the new order; a constant state of crisis is the new normal."