Krugman on the depression
Paul Krugman states the issue succinctly (
The Defeatism of Depression 12/27/2011):
There is nothing — nothing — in what we see suggesting that this current depression is more than a problem of inadequate demand. This could be turned around in months with the right policies. Our problem isn’t, ultimately, economic; it’s political, brought on by an elite that would rather cling to its prejudices than turn the nation around. Tags:
paul krugman ,
world economic crisis
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