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The Big Fail - NYTimes.com

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PAUL KRUGMAN
Paul Krugman (MIKE CLARKE/AFP/Getty Images) | Getty File
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It’s that time again: the annual meeting of the American Economic Association and affiliates, a sort of medieval fair that serves as a marketplace for bodies (newly minted Ph.D.’s in search of jobs), books and ideas. And this year, as in past meetings, there is one theme dominating discussion: the ongoing economic crisis.

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