Krugman Goes 'Splat': On Endless Growth and Permanent Depression
I was fairly amazed to read Paul Krugman’s latest op-ed in the New York Times, titled “A Permanent Slump?” He seemed to be coming remarkably close to saying what several of us have been trumpeting for the past few years—that world economic growth is ending and we’d better retool accordingly. “What if the world we’ve been living in for the past five years is the new normal?,” he writes. “What if depression-like conditions are on track to persist, not for another year or two, but for decades?”
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