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There are some excellent books out there that explain how the current economic slump came about. The Big Short is a great example of that approach. This Time Is Different is great on how things are likely to unfold from here. Not very cheery but extremely solid in its evidence base. Paul Krugman manages to do something different in as much as he gets off the fence and tells us how to fix it. You might not agree with him but he's got an engaging style, the ability to explain complex concepts in a clear and entartaining way and a Nobel prize on his side.
1 of 2 people found this review helpful
I was quite impressed with this book. I did not agree with everything single thing the author suggests, but the author seems to take great care to both give clear evidence for his position and (which is quite rare) presents and refutes non-straw man arguments against his positions. Krugman does a great job of explaining economic issues with clarity and energy. Having studied the issues I did not learn a lot from this book, but I would recommend it to anyone who wants to better understand the current economic crisis and what could be done about it. I only wish the book was longer and more detailed. This book, in combination with The Big Short, puts this downturn into a clear context regarding what happened and why recovery has been so slow to come.
I recommend looking at the available pdf carefully before listening and referring to the charts as necessary. The narration was excellent making the detailed material actually fun to listen to.
10 of 12 people found this review helpful
The premise of this book is that government spending on an astronomical scale is the only thing that'll be able to repair our economy and that national foreign debt doesn't matter as long as we inflate our currency at a higher rate than the interest on the debt. Seems destructive and shortsighted to me.
That said, the book is well written, I just happen to disagree with it. His commentary on the Euro was actually pretty interesting, but ultimately I don't agree with his hypothesis.
1 of 1 people found this review helpful