Economics & Finance / Macroeconomics / Economic Crises & Recessions
Why We're Stuck in Depression (and How to End It) - Paul Krugman
Paul Krugman, Nobel Prize-winning economist and author of "End This Depression Now!" argues that the Great Recession was not inevitable, and that the ongoing economic stagnation is a political choice, not an economic inevitability. In this video, we break down Krugman's key insights: how the 18-year land-housing cycle, driven by banking and real estate, created the boom and bust, and why policymakers like Gordon Brown and Alan Greenspan failed to prevent the crash. Krugman exposes the myth of austerity and explains why government spending, not cuts, is the only way to escape the depression. Discover the hidden mechanisms behind the 2008 crisis and learn what it really takes to restart the economy—before the next cycle hits.
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