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Paul Krugman: The Third Depression

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At www.nytimes.com

We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost -- to the world economy and, above all, to the millions of lives blighted by the absence of jobs -- will nonetheless be immense.

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At www.nytimes.com


 

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