1/1/2012 · End This Depression Now! By Paul Krugman “End This Depression Now!” is the plea that makes the persuasive case that we indeed have the knowledge and tools to get out this depression. Nobel prize-winning economist and best-selling author Paul Krugman provides his usual intellectual clarity and sound suggestions on how best to end this economic depression.
End This Depression Now ! Paul Krugman . Yes, it’s a depression . Good old IS-LM has worked fine . No crowding out . Liquidity traps rule . Structural foolishness: geography . Structural foolishness: occupations . But why no deflation? Nominal rigidity is real . Separated at birth . Keynes was right .
And above all, how do we free ourselves? Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who has suffered over these past four years?a quick, strong recovery is just one step away, if our leaders can find the intellectual clarity and political will to end this depression now.
END THIS DEPRESSION NOW! Paul Krugman Norton, 2012, xii + 259 pgs. Supporters of Keynesian economics sometimes claim it to be a crude caricature of the Master that he thought the government has only to spend more money to get us out of a depression and that getting us into debt doesn’t matter because we owe it to ourselves.
Krugman pursues these questions with his characteristic lucidity and insight. He has a powerful message for anyone who has suffered over these past four years—a quick, strong recovery is just one step away, if our leaders can find the intellectual clarity and political will to end this depression now.
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