Friday, May 02, 2014

Paul Krugman: Economics Failed Us Because We Ignored Its Basic Precepts | Alternet

Paul Krugman: Economics Failed Us Because We Ignored Its Basic Precepts | Alternet



In his latest column for the New York Times, entitled "Why Economics Failed," Paul Krugman tries to explains why, when basic economics held the solution to the country's Great Recession—namely increase spending and demand—our leaders failed to take appropriate action.

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