The article "Revenge of the Gult" was written by Paul Krugman in the New York Times.This article was written to show that our economic problem is one that is not only ours, but one that the rest of the world has faced. It is directed toward the US citizens as well as the rest of the world.
It shows how our economic crisis is a greater form of the one that Asia experienced awhile back. Things keep getting worse and the value of money keeps going down more and more. When countries think that they are safe and "all is well" is when it all starts to crack. All the problems start to emerge to the surface and they are problems that many other countries have seen....or even contributed to.
This argument kind of shows us that other countires have been through this before. While some have rebuilt themselves it takes others awhile longer...hopefully we can get through these tough times just like Asia.
