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End This Depression Now! | [Paul Krugman]

End This Depression Now!

The Great Recession that began in 2007 is now more than four years old - and counting. Some 24 million Americans are unemployed or underemployed, and at recent rates of job creation we won’t be back to normal levels of employment until late this decade. This is a tragedy. Do we have to accept it? "No!" is the resounding answer given by Nobel Prize-winning economist Paul Krugman in this call to arms. We have seen this situation before and we know how to fix it; all we lack is the political will to take action.
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Publisher's Summary

The Great Recession that began in 2007 is now more than four years old - and counting. Some 24 million Americans are unemployed or underemployed, and at recent rates of job creation we won’t be back to normal levels of employment until late this decade. This is a tragedy. Do we have to accept it?

"No!" is the resounding answer given by Nobel Prize-winning economist Paul Krugman in this call to arms. We have seen this situation before and we know how to fix it; all we lack is the political will to take action. Krugman walks us through the financial crisis that triggered the greatest downturn since the Great Depression and outlines the efforts that have been made thus far.

The way forward is clear: Our priority must be to get ourselves back on the path to growth; every day that we lag behind normal production levels only adds to the astronomical economic loss of this depression. What we need for a rapid, powerful recovery is precisely what we've needed in crises past - a burst of government spending to jump-start the economy. We owe it not only to the unemployed, but to everyone affected by this tragedy to end this depression now.

Download the accompanying reference guide.

©2012 Paul Krugman (P)2012 Random House Audio

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  •  
    Greg North Vancouver, BC, Canada 05-28-12
    Greg North Vancouver, BC, Canada 05-28-12 Member Since 2008
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    "He reviews the situation clearly and logically"
    Would you recommend this audiobook to a friend? If so, why?

    Highly recommended - Great survey of how we got here - what are the issues facing us and what we need to do - Backed up with facts, figures, history and a workable model of the economy. I can see what he got his Nobel Prize.


    Was this a book you wanted to listen to all in one sitting?

    If I could


    2 of 3 people found this review helpful
  •  
    Jacob Redmond, WA, United States 03-13-14
    Jacob Redmond, WA, United States 03-13-14 Member Since 2013
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    "Seems like a reckless plan to me."

    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.

    0 of 0 people found this review helpful
  •  
    James FPO, AP, United States 08-03-13
    James FPO, AP, United States 08-03-13 Member Since 2002
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    "Interesting, but misguided"
    Would you try another book from Paul Krugman and/or Rob Shapiro and Paul Krugman ?

    I won't. Very liberal thinker. Nothing wrong with that, but doesn't seem open to new ideas. Overly self-confident.


    Would you recommend End This Depression Now! to your friends? Why or why not?

    Krugman starts off making the argument that the current "depression" is a function of lack of demand. OK, maybe. But he never comes back around to defend that. Instead, he spends about half the book attempting to debunk austerity and the other half making the case for growth (fueled primarily by govt spending) to get us out of the depression. That's interesting because he never comes back to the demand problem. The US's, and much of the developed world's, problem of demand is largely rooted in demographics, a subject he almost totally ignores. I don't disagree that growth could drive the economy. But perpetual growth would require perpetual increases in demand and that simply isn't possible with our demographics. Krugman's no doubt a smart guy. I'm and MBA and I've read a lot of economics; I'm sure Krugman has forgotten more than I'll ever know, but I also read Harry Dent and he makes the case, in a non-partisan manner, that we can't fight demographics and that we should help the economy de-leverage and start again from a position of much less debt vice Krugman's idea of doubling down and taking on more debt.


    What didn’t you like about Rob Shapiro and Paul Krugman ’s performance?

    Shapiro read's really slow, like he's talking to a child or someone who he believes might not understand a big word. It almost feels patronizing.


    Was End This Depression Now! worth the listening time?

    It's a different perspective, but not a complete one.


    Any additional comments?

    Read Harry Dent's the Great Depression Ahead. Its not as ominous as it sounds because he also goes through ways to protect yourself.

    0 of 0 people found this review helpful
  •  
    Whan Mercer Island, WA, United States 03-05-13
    Whan Mercer Island, WA, United States 03-05-13
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    "Breaks down complex issues comprehensively."
    Would you consider the audio edition of End This Depression Now! to be better than the print version?

    I have not seen the print version.


    What did you like best about this story?

    Prof Krugman clarifies myths one by one. All the vague rhetoric is defanged.


    Have you listened to any of Rob Shapiro and Paul Krugman ’s other performances before? How does this one compare?

    No.


    If you could give End This Depression Now! a new subtitle, what would it be?

    Inflation Fears!


    0 of 0 people found this review helpful
  •  
    Lance White Wooster, Ohio United States 03-04-13
    Lance White Wooster, Ohio United States 03-04-13 Member Since 2012
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    "Enlightening"

    A very good book with common sense solutions to the nation's economic problems -- solutions that, no doubt, will continue to be ignored by the politicians in Washington.

    0 of 0 people found this review helpful
  •  
    Dustin Houston, TX, United States 02-10-13
    Dustin Houston, TX, United States 02-10-13 Member Since 2005
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    "Great Book, but why the hatred..."
    What did you love best about End This Depression Now!?

    This book, especially towards the end, put together a well reasoned practical way to end this depression. I in general lean toward smaller governments with less spending in normal times and appreciate how the author (when not making personal attacks on Republicans) lays out the reasoning and historical examples for his policy. It's best quality is that it does not assume that there is a simple solution to a simple problem for many of our current calamities and explains the problems in depth along with a reasonable sounding solution.

    My problem with this book is that in the beginning it seems to just be a I hate republicans lets bash them book. An example is that he continues the myth that rich people and corporation give all their money to Republicans, sites like opensecrets tend to show that Politian in power get the lion's share of the money.

    This is a shame, because the book is really good (so if you are an open-minded Right leaner like me keep listening). This book has the best detailed explanations of the 2007/8 mortgage crisis, European debt problems, unemployment and why the Bush/Obama economic stimulus package failed out there.


    0 of 0 people found this review helpful
  •  
    Charles Cincinnati, OH, United States 01-22-13
    Charles Cincinnati, OH, United States 01-22-13
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    "Everyone in America should read this book"
    What did you love best about End This Depression Now!?

    Krugman clearly spells out why government intervention during recessions is necessary and conservative calls for less government are just wrong and mean spirited and threatening to our democracy.


    0 of 0 people found this review helpful
  •  
    Maggie bend, OR, United States 12-24-12
    Maggie bend, OR, United States 12-24-12 Member Since 2009
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    "Quite academic but worth the read"

    Well done but fairly dry. A disadvantage to go online to view the charts, but easy enough to do. He has many good points but doesn't give quite enough thought to the gridlock in the Beltway and the difficulty of pushing through all the childishness...maggie

    0 of 0 people found this review helpful
  •  
    Dave Hedley San Mateo, CA United States 10-15-12
    Dave Hedley San Mateo, CA United States 10-15-12 Member Since 2012
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    "Krugman is so clear"

    I understand more about the financial crisis and the prescription for ending it NOW. Very clear argument and very understandable even in an audio format. Even without charts and graphs the message is so clear. Dr. Krugman's writing is always very clear and direct. I have a little background in Economics so I so appreciate his clear language and argument. Unfortunately, I was left a little depressed as I don't think we have the political will to implement his prescription.

    0 of 0 people found this review helpful
  •  
    Mann Bangalore, India 09-18-12
    Mann Bangalore, India 09-18-12 Member Since 2009

    Hi. My name is Mann & I am an Enterprise Communications expert by profession. I have always loved reading books and primarily enjoy books on Finance, Science & Technology and History. I do hear an occasional Fictional book though I prefer to read them instead.

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    "End this depression now (Its really catchy)"

    The book is an extremely well researched and clear explanation of Keynesian solutions to current financial crisis. Indeed after listening to this book, I had to pursue with a deeper appreciation of Free Market Economics vs Keynesian Economics. Paul Krugman is himself an extremely respected economist and makes compelling arguments in the book on different policy actions taken in last 5 years, & how he would have done them differently and why.

    If you like to keep a tab on the economics and global financial markets, this book will be fascinating read for you. It will answer some of you questions and kindle a few more.

    I highly recommend it to all those who like reading economics.

    0 of 0 people found this review helpful
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