Paul Krugman: Why We Could Be Entering 'A Third Depression'

Paul Krugman: Why We Could Be Entering 'A Third Depression':

"And this third depression will be primarily a failure of policy. Around the world -- most recently at last weekend's deeply discouraging G-20 meeting -- governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending."