Category Library: What We’re Reading

End This Depression! – A Book Review

End This Depression Now!, written by Nobel laureate Paul Krugman, provides a straightforward analysis of the lessons of ‘depression economics’. The answer, as he so candidly puts it, “we have both the knowledge and the tools to end this suffering” (20). Immediately, this may leave the reader thinking whether or not it can really be […]

End This Depression Now! – A Quick Look

Focusing on fixing the economy in the “long-run” is the wrong approach, according to Krugman. The way to recover the economy is to come up with short term solutions that fundamentally change the US economic model. Living in the shadow of economic catastrophe, Krugman reassures that this economic downturn “doesn’t have to be happening.” The […]

End This Depression Now! – Breaking Down the Chapters

Chapter One: How Bad Things Are Examines the US Economy starting in 2009. Krugman opens by reviewing the optimistic outlook of Federal Reserve Chairman Ben Bernake The state of the Economic Crisis, easing but not eliminated The United States is making an extremely slow recovery Job drought. People, especially Americans find worth in finding and […]

The ABC’s of the Economic Crisis: What Working People Need to Know – A Quick Look

We are currently experiencing the most severe economic crisis since the Great Depression. Although the Fed has pushed down interest rates and the government has spent hundreds of billions of dollars to encourage banks to lend to consumers and businesses, economic activity is still declining and is likely to stabilize at a low level. Our […]

The ABC’s of the Economic Crisis: What Working People Need to Know – Breaking Down the Chapters

Chapter 1: The Calm before the Storm Before the recession began in December of 2007; things were looking very promising in 2006. Wages were rising, the unemployment rate was 4.7 % and the home construction industry was booming. There was a perception that the president’s economic policies were working and that financial markets acted as […]

American Theocracy – A Quick Look

• A country’s ability to develop a single energy resource for profit and power is strongly linked to its ability to become a global hegemony. As history has shown us, the main issue with this pursuit is due to past world economic powers inability to transition from one energy source to the next. The question […]

American Theocracy – Breaking Down the Chapters

Part 1: Oil and American Supremacy Chapter 1: Fuel and National Power • A country’s ability to develop a single energy resource for profit and power is strongly linked to its ability to become a global hegemony. As history has shown us, the main issue with this pursuit is due to past world economic powers […]