End This Depression Now

end this depression now cover image End This Depression Now!

Paul Krugman
WW Norton & Co.
Hardcover, 272 pages

Oddly enough when this book arrived at our store it was mis-categorized and placed in our mental health section. Actually, that wasn't too far off! There seems, according to Krugman, to be a certain amount of craziness in our response to the financial crisis of 2008 and its aftermath. He says, "The moral of the book is: this doesn't have to be happening. This is essentially a technical process; it's a small thing. It's like having a dead battery in a car, and while there may be a lot wrong with the car, you can get the car going remarkably easily, if you're willing to accept that's what the problem really is." Apparently, our political leadership does not. The book is a ringing endorsement of Keynesian economic principles and their application to the current malaise. Many will not agree, but his point is hard to argue with and there seems to be no compelling counter-prescription from his critics.