Paul Krugman: ‘I’m sick of being Cassandra. I’d like to win for once’

The American economist has a plan to escape the financial crisis, and it doesn’t involve austerity measures or deregulating the banks. But will policy-makers, including our coalition government, heed his advice?

By now you will probably have read an awful lot about the financial crisis. Perhaps I’ve been reading all the wrong stuff, but until now I hadn’t managed to find answers to the most puzzling questions. If the crash of 2008 was preceded by an era of unprecedented prosperity, how come most of the people I know weren’t earning much?

guardian.co.uk