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New York Times (September 20)

2011/ 09/ 21 by jd in Global News

Nobel prize winning economist Paul Krugman was convinced “the next great crisis would be different” from the last. He figured it might be technology- or resource-related, rather than financial. He’s now surprised to find “we’re having the same crisis, and making the same mistakes.” We are again suffering from “a banking crisis and a collapse of aggregate demand, aggravated by bad monetary and fiscal policy.”

 

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