End This Depression Now by Paul Krugman

The basic discussion of this book is that government spending cuts ultimately reduce employment. As more and more people lose their jobs as consumers, they now restrict the purchase of products and services. This will reduce demand for products and services. Eventually, companies will have to cut their products. This may mean reducing the scale and reducing the unemployment rate of the country. Therefore, government policy does not stimulate the economy as usual, it reduces further resistance to the economy.

Paul Krugman: Stop melancholy now! (WW Norton, 2012): A basic and easy-to-understand guide to issues raised in today's economy and what we can and can do. This analysis was based on the basic macroeconomics of Keynes to Minsky, and Bernanke (he knew this before becoming a banker's instrument). I am not as high as emphasizing the role of inequality, but please allow at least that recovery is stagnation by political design and that it can prove it. There are also many euros, it is another matter, and it is also political.

Anna Schwartz and Edward Nelson replied to Paul Krugman's article "Who is Milton Friedman?" Krugman considers the argument itself inexplicable - a simple observation suggests that a rising monetary base rather than a fall should solve the problem. Explain that the behavior of the Fed exacerbates the situation over the bank. I am using coins as spare. Some insist that there is an informal safety net before the Federal Reserve System, but this seems to have nothing to do with the free market economy. But Friedman's faithful believers insist on this.

Paul Krugman taught economics at Princeton University and New York University and is writing a column at the New York Times. He received the Nobel Prize in economics in 2008. Krugman is the author of many books and its latest was "to end this melancholy"! (2012) "Inequality faced" is the chapter of his book "Freedom of Conscience" published in 2007. However, besides this, the damage of extreme inequality has caused damage to our society and democracy. Since our establishment in America, our own view has always been a country with no obvious class difference, it was not a perfectly equal and equitable society, but the gap between economic elite and typical citizens can not be overcome It is not. . That is why Thomas Jefferson wrote like this. "A small landowner is the most valuable part of the country." 1 As an assertion, the broad middle class is the country's most valuable part.