The “Revenge of the Gult” is an article written by Paul Krugman in which it was published in the New York Times. The article is particular directed to the citizens of this great country and also to the rest of our friends and neighbors across the world. The article is written to show that our economic crisis is so problematic that it is not only affecting America but also the rest of the globe.
The article explains that our economic crisis is worse than the problems we experienced in the 1990’s. He states that we need to learn from our mistakes and use our mistakes as a formula so that we may emerge from this crisis successful. Krugman also mention the "Subprime Crisis" and how it was such a worry. He stated that the subprime was nothing to worry about and how we could learn from that situation. For America to escape from this economic mess we must go back to our roots and make sure we establish check and balance in every function of business and life.
