BUSINESS
07/11/2014 08:35 am ET Updated Jul 11, 2014

Who Wants A Depression?

TO GO WITH AFP STORY by Rob Lever Professor of Economics and International Affairs at Princeton University, New York Times co
TO GO WITH AFP STORY by Rob Lever Professor of Economics and International Affairs at Princeton University, New York Times columnist, and 2008 Nobel Peace Prize winner in Economics, Paul Krugman, delivers remarks on February 11, 2009 at the Institute for America's Future 'Thinking Big, Thinking Forward' conference on America's economic future at the Capitol Hilton in Washington, DC. AFP Photo/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP/Getty Images)

One unhappy lesson we’ve learned in recent years is that economics is a far more political subject than we liked to imagine. Well, duh, you may say.

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