Krugman: “We’re already in a new great depression”

Via Digby, we find this, from The Professor’s latest trip to Euro econ meetings. These are his reflections.

http://www.reuters.com/resources_v2/flash/video_embed.swf?videoId=229581729&edition=BETAUS

Who knows? He could be wrong.

Update: Keep in mind, World War II was a lot of things. Among them, it was the mother of all government-spending stimulus programs. The Keynesisans were right.

GP


Gaius Publius is a professional writer living on the West Coast of the United States. Click here for more. Follow him on Twitter @Gaius_Publius and Facebook.

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