The article "Revenge of the Glut," was written by Paul Krugman in The New York Times. Paul Krugman writes the article for the people of America to inform them that the situation we are facing now could have been avoided. Not only does he address America but other countries as well.
Krugman want to blame the housing market and banks for not lending money for part of our economic problem.This article shows that our economic problems are somewhat worse than we have ever experienced, everything is falling apart and we need to start at the foundation and begin building up. The mistakes our country encountered should be a learning experience.
Together as one we should all do better to improve the financial crisis.
