Poptropica Moving Mouth

Paul Krugman and closes the parenthesis of the global economy

economist Paul Krugman , Nobel Prize winner and columnist New York Times habitual , has been quite concerned about the path being taken by events.

Princeton professor claims that current circumstances are not the traditional characteristics of an economic depression but the symptoms are much deeper. As data foresees double-digit unemployment for the USA region, which would actually be a blow to our consumer society.

how fed

Judgement replicated by all means, ie record industry has fallen brutal, the banks still do not make loans without moving capital, and perhaps most dramatic, businesses and consumers are not spending money . It is what might be called a big check, hopefully it will not mate, the system of production and consumption worldwide.

This gentleman does not think we are facing a second Great Depression, unless politicians take wrong steps, but if you think the bureaucracy, especially the American, is acting very slowly.

The key is to stimulate consumption and the option that greater consensus is reached on public spending. The states should create conditions, not artificial, to revive the virtuous cycle of capital, be banking and employer, conferred protective or incentive of private capital, avoiding hyperbole of a political class that must struggle to not reduce the benefits that the capitalist system has brought us at this time, without refusing to square the circle that means extending the rights and privileges the rest of the population.

The worrying thing is that recourse to the old tricks, the implementation of all measures that come to mind, hoping that some will work, not orchestrate a truly original and effective plan to stake out a new development model economic, that she recognize the virtues of capitalism are accompanied by avoidable defects, greed and ambition, immorality and the corporate abuse that never applied any kind of social responsibility in their maneuvers and businesses.

With a galloping deflation and monetary policy is increasingly irrelevant, the cartridge seems to be we must be devoted to avoid the greater evil, to establish a flock of cows period in which the remnants can be cleaned an upward cycle and to articulate the mechanisms longed to return to growth in a few years old.