End This Depression Now!

A Bold, New Plan to Lift America Out of the Great Recession

In his new book, Nobel Prize-winning economist Paul Krugman argues that the United States is still in the midst of a Great Recession, and that the policies that have been implemented so far have been inadequate to address the crisis. He proposes a bold new plan to lift America out of the recession and restore economic prosperity.

The Great Recession Is Not Over

Krugman argues that the Great Recession is not over, despite the fact that the official unemployment rate has fallen to 4.7%. He points out that the labor force participation rate is still well below its pre-recession level, and that millions of Americans are still unemployed or underemployed. He also argues that the economy is still growing too slowly to make up for the lost output of the recession.

The Policies That Have Been Implemented So Far Have Been Inadequate

Krugman argues that the policies that have been implemented so far to address the Great Recession have been inadequate. He criticizes the Federal Reserve for raising interest rates too soon, and he argues that the government should be doing more to stimulate the economy. He also argues that the tax cuts that have been passed by Congress have been ineffective in boosting economic growth.

A Bold New Plan to Lift America Out of the Recession

Krugman proposes a bold new plan to lift America out of the recession. His plan includes:

• Increased government spending on infrastructure and other public goods. Krugman argues that the government should invest in infrastructure projects, such as roads, bridges, and schools, to create jobs and boost economic growth. He also argues that the government should increase spending on other public goods, such as education and healthcare.
• Tax cuts for low- and middle-income Americans. Krugman argues that the government should cut taxes for low- and middle-income Americans to put more money in their pockets and boost consumer spending.
• A higher minimum wage. Krugman argues that the government should raise the minimum wage to help low-wage workers and boost economic growth.
• A more expansionary monetary policy. Krugman argues that the Federal Reserve should lower interest rates and engage in quantitative easing to stimulate the economy.

Why You Should Read This Book

End This Depression Now! is a must-read for anyone who is concerned about the state of the American economy. Krugman's analysis of the Great Recession is clear and concise, and his policy proposals are bold and innovative. This book is a call to action for anyone who wants to see America return to economic prosperity.

About the Author

Paul Krugman is a Nobel Prize-winning economist and a professor of economics at the City University of New York. He is also a columnist for The New York Times and a regular contributor to The New Republic. Krugman is one of the most influential economists in the world, and his work has had a profound impact on economic policymaking around the globe.