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In The Return of Depression Economics (WW Norton & Co.), Paul Krugman warns of the possible resurgence of old monsters: recession, depression, devaluation, inflation and unemployment. According to Krugman, a professor of economics whom Fortune has dubbed the most literate economist since John Maynard Keynes, the string of financial crises that have marked the end of the 20th century are following the same threatening pattern that led to the Great Depression of the 1930s. Moreover, the mechanisms that have been established to combat current and future crises aren't ...

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