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Obama Must Spend Boldly— or It's Great Depression II

Only government can save us now: Krugman

By Jason Farago, Newser Staff

Posted Jan 5, 2009 7:55 AM CST

(Newser) – For decades economists believed that a second Great Depression was impossible; all the Fed had to do, they said, is print more money. But as Paul Krugman writes, monetary policy has failed; despite "supplying liquidity like an engine crew trying to put out a... Read full story »

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Obama Must Spend Boldly— or It's Great Depression II

Only government can save us now: Krugman

Barack Obama • Federal Reserve • Paul Krugman • economic stimulus package • Great Depression • monetary policy • financial crisis • President Obama • John Maynard Keynes • fiscal policy

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More Newser Stories

It's Too Soon for Feds to Ease Up on Economy

If Washington cuts off the cash, recession will worsen: Krugman

Bernanke Backs Stimulus Bill

Bigger deficits are worth the benefits, Fed chair tells Congress

Krugman: Obama Can't Take Crutches Away Too Soon

Government must remain involved for economy to gain new footing

We're Doomed Without Another Stimulus: Krugman

Jobs report offers scary echoes of 1930s stagnation

Obama to Launch Radical Bank Reform

Changes will be the most ambitious since the Great Depression

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