"Our economic problems are real, but by no means catastrophic. What scares me is the utter inflexibility of the people who should be solving those problems." -Paul Krugman, The Great Unraveling, pg. 78
If you want to know where things started to go wrong for this country, Paul Krugman’s The Great Unraveling is a must read.
The Great Unraveling explains in a clear and entertaining fashion why understanding economics is vital to the health of this nation. From the Enron scandal to Bush’s tax cuts, one of the central lessons of the book is this: the American public’s easy acceptance of fuzzy math has resulted in a wide range of difficult, but not impossible to correct economic fall-out.
Mr. Krugman is a pragmatist who recognizes the value of principled behavior and discipline –and understands that these characteristics are essential ingredients for a strong market and effective governance of private and public institutions.
It might be time for the rest of us to get on board.