Monday, 17 November 2008

Economic crisis is beyond the reach of traditional solutions

by Paul Craig Roberts from 14 November 2008 By most accounts the US economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a "mini-depression," and that designation might be optimistic. The Russian economist, Mikhail Khazin says that the "U.S. will soon face a second “Great Depression” It is possible that even Khazin is optimistic.

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