After The Financial Crisis Era Reflection To The New Liberalism

Neo-liberalism is collectively referred to London school, Monetarism and Rational expectations school. Although they are called as Neo-liberalism which usually make people confused, each school point of view is not entirely uniform. There are many differences. Meanwhile, as the doctrine evolved on the basis of Classical liberalism, Neo-liberalism is easily confused to Social liberalism, and sometimes referred to as conservative economics, all of this is inappropriate.After the outbreak of the financial crisis, Neo-liberalism once again standing on the cusp surrounded by criticisms. Many people think that the financial crisis is the inevitable result of widespread Neo-liberal and the crisis marks the decline of neo-liberalism.On the basis of the previous studies, and combined with the clues of the development and finally burst of the real estate bubble, the author obtained the direct cause of the crisis. Global economic structural imbalances, the Fed lowering interest rates to keep awash with liquidity, as well as the place of government regulation and other factors have played an important role in the development of the bubble. The final bubble burst led to the ultimate outbreak of the crisis. Meanwhile, the paper systematically analyzes a series of policies of Greenspan and the U.S. government during the whole process of the crisis. We can see that Greenspan is more like a Keynesian using interest rates on economic intervention than a Neo-liberals. Therefore, there is no relationship between the outbreak financial crisis and the Neo-liberalism.