Friday, February 21, 2020

Paul Krugman

Paul Krugman's book on Depression Economics and the crisis of 2008 really does serve the purpose of being a descriptive book about those events, and though filled with terminology, it does serve the purpose of making key points about these events.  Here they are:

1. The IMF needs to give more funds to an impoverished Mexico.
2. Regulators have done a poor job of handling investments to banks, including investments by the government.
3. World leaders and CEOs play an important yet manipulative role in economic events, including Mahathir Mohamad and George Soros.
4. People who buy expensive homes have a difficult time paying their mortgage.
5. People hesitate to invest in banks because the current investments there are tied up in various commitments, including foreign countries.

I immediately think of Krugman, when mentioned, as an economic expert who would cover this topic well.  I recommend this book for people who are curious about this event and what it entailed.

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