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Paul Krugman: It's Time To Admit We're In A Depression

Paul Krugman

First Posted: 12/12/11 08:37 AM ET Updated: 12/12/11 04:01 PM ET

The New York Times:

It’s time to start calling the current situation what it is: a depression. True, it’s not a full replay of the Great Depression, but that’s cold comfort. Unemployment in both America and Europe remains disastrously high. Leaders and institutions are increasingly discredited. And democratic values are under siege.

Read the whole story: The New York Times

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Filed by Maxwell Strachan  |