Krugman: Another Depression Is Likely

Kattenburg, Kathy
June 2010
Moderate Voice;6/30/2010, p7
Blog Entry
The article presents the statement of economist Paul Krugman on the possibility of the third depression in 2010. Krugman states that the world is now in the stage of a third depression, which will likely look more like the Long Depression than the severe Great Depression. He says that the third depression will be mainly a failure of policy and governments around the world are obsessing about inflation when the true treat is deflation.


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