05/31/2011 10:10 am ET Updated Jul 31, 2011

Krugman: In 'Rational World,' U.S. Would Take On Unemployment

Unemployment is a terrible scourge across much of the Western world. Almost 14 million Americans are jobless, and millions more are stuck with part-time work or jobs that fail to use their skills. Some European countries have it even worse: 21 percent of Spanish workers are unemployed.

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