There's kind of a weird double-think involved in arguments that the slump should be allowed to follow its natural course. It's true that classical economics says that we should let market forces do their work; but classical economics also says that severe recessions can't happen. This idea that we must not intervene is based on a worldview that is refuted by the very fact that the economy is in the mess it's in.
--Paul Krugman
MiB: Peter Goodman, How the World ran Out of Everything
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This week, we speak with New York Times Global Economic Correspondent
Peter Goodman. Prior to the New York Times, Peter began his career as a
freel...
4 hours ago
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