End This Depression Now!

End This Depression Now!

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Baker & Taylor
Looks at the economic downturn of the early twenty-first century, declaring it a depression, and outlines the steps that can be taken to reverse the trend and get back on the road to economic recovery.

Random House Digital
The Great Recession that began in 2007 is now more than four years old--and counting. Some 24 million Americans are unemployed or underemployed, and at recent rates of job creation we won't be back to normal levels of employment until late this decade. This is a tragedy. Do we have to accept it?"No!" is the resounding answer given by Nobel Prize-winning economist Paul Krugman in this call to arms. We have seen this situation before and we know how to fix it; all we lack is the political will to take action.  Krugman walks us through the financial crisis that triggered the greatest downturn since the Great Depression and outlines the efforts that have been made thus far. The way forward is clear. Our priority must be to get ourselves back on the path to growth; every day that we lag behind normal production levels only adds to the astronomical economic loss of this depression. What we need for a rapid, powerful recovery is precisely what we've needed in crises past--a burst of government spending to jump-start the economy. We owe it not only to the unemployed, but to everyone affected by this tragedy to end this depression now.

Findaway World Llc

The Great Recession that began in 2007 is now more than four years old-and counting. Some 24 million Americans are unemployed or underemployed, and at recent rates of job creation we won't be back to normal levels of employment until late this decade. This is a tragedy. Do we have to accept it?

"No!" is the resounding answer given by Nobel Prize-winning economist Paul Krugman in this call to arms. We have seen this situation before and we know how to fix it; all we lack is the political will to take action.  

Krugman walks us through the financial crisis that triggered the greatest downturn since the Great Depression and outlines the efforts that have been made thus far. The way forward is clear. Our priority must be to get ourselves back on the path to growth; every day that we lag behind normal production levels only adds to the astronomical economic loss of this depression. What we need for a rapid, powerful recovery is precisely what we've needed in crises past-a burst of government spending to jump-start the economy. We owe it not only to the unemployed, but to everyone affected by this tragedy to end this depression now.

Includes a bonus PDF of charts from the book



Publisher: New York, NY : W. W. Norton
Copyright Date: ©2012
ISBN: 9780449806876
Branch Call Number: eAudiobook
Characteristics: 1 sound file : digital
audio file
Additional Contributors: OverDrive, Inc

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StarGladiator
Aug 30, 2013

The reason Greece is in such dire straits is that they signed into the WTO and therefore had to open their banks to the American (and other) banksters' credit derivatives' deals involving those Goldman Sachs and JPMorgan Chase "public-private partnership" deals! While no fan of the mediocre Krugman (in comparison to true economics geniuses like Prof. Michael Hudson and Michael Perelman), and he doesn't truly explain the causative factors for the meltdown, he is headed in the right direction! (And the stimulus plan from the Obama Administration was lacking, water down on the "buy American" side, thanks to endless waivers signed by then Commerce Secretary Gary Locke.) Important to note that "lax regulation" is not the same as financial fraud by design: when $2 trillion of unregulated insurance, i.e., credit default swaps, are sold against Bear Stearns outstanding external debt of $190 billion, with the potential payout of $200 trillion, which doesn't exist on the planet Earth, so how they heck can they possibly sell such "insurance policies"? And that was but one such situation of many, which is why there are so many multi-billionaires who created nothing, produced nothing and jacked the rest of us to kingdom come!!!!!

BobDaul Aug 26, 2012

This book is nonsense!

Achieve a better economy by having the government hire people to dig a hole and paying others to fill it up.

Then inflate the money supply so you don't have to pay off the debt.

He never explains why then Greece and Japan are in such trouble.

Harriet_the_Spy Aug 03, 2012

This book made me finally understand the causes of the Euro crisis and the reason the American economy has not rebounded from its financial meltdown. You'd think it would be hard to take this in from a CD book, but it was like having a really smart friend explain it to you. Excellent book, excellent reader.

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