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Here's a story about comments Krugman made last week to Oregonian writers. Superficial by itulp standards. He says he most fears a deflation spiral and Japanese style lost decade.
"This is not your father's recession; this is your grandfather's recession," Krugman says. "That's what's extremely frightening, because your grandfather's recession was the Great Depression."
People say they've never seen anything like the current recession. In fact, Krugman says, "it's like everything we've seen before, happening all at once. You have a cascading series of crises, and they're all interacting."
People say they've never seen anything like the current recession. In fact, Krugman says, "it's like everything we've seen before, happening all at once. You have a cascading series of crises, and they're all interacting."
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