The title of this article is Revenge of the Glut and the author is Paul Krugman from the New York Times. He is writing the United States citizens of about the decline of value in money. It starts out with the Subprime crisis, now to be honest i didn't know what that meant. So i had to look it up and see what it meant. It talks about how we have spent so much money, investing it in houses, but then the mortgage delinquencies and foreclosers started losing their value.
We then began borrowing money from other countries, but there was a problem with Asia and their finances. And after that happened the countries began to pretty much give out cheap money. Our country has struggled financially lately, and it's because they do not know how to budget their money correctly. Banks have been getting in trouble for giving out loans to people that can't pay them back, so they get in even more trouble. Then they have been printing too much money so the value of a dollar is going down.
