“The economic problems we’re experiencing now stem from public policy, not average Americans, says economist Paul Krugman.
“What we’re experiencing right now is a top-down disaster,” Krugman writes in The New York Times. “The policies that got us into this mess weren’t responses to public demand.”
“They were, with few exceptions, policies championed by small groups of influential people — in many cases, the same people now lecturing the rest of us on the need to get serious.”
Read more: Paul Krugman: Disaster Begins at the Top
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