Via truthout: Paul Krugman | The Era of Instability: Where We Went Wrong

Paul Krugman, Krugman & Co.: "It seems that in the United States, our perception of history has changed in the wake of the Great Recession. J. Bradford DeLong, a professor of economics at the University of California at Berkeley, makes this point in an online syndicated column about how our generation used to pity our grandfathers, who lacked the knowledge and compassion to fight the Great Depression effectively, and how we are repeating the same mistakes today. I share his sentiments."

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