The New York Times article, "Revenge of the Glut", written by Paul Krugman was written to inform Americans about the real cause of the economic crisis. It is directed toward Americans who are interested in the financial state of the country.
Years ago, we thought we had a financial crisis on our hands, but it turns out that today this situation is much more serious. The author says that foreign countries back then saved their money, but in this crisis that is probably not the best idea. Investments are going to need to be made to keep this global depression from getting any worse. Don't repeat mistakes from the past. If it didn't work, then try something that will. With the economy as bad as it already is, there is no room for mistakes and there is certainly not a lot of time to make these decisions. I just hope that the people in charge of making the decisions make the right ones toward a healthy economy. The only thing is we just have to ride it out and wait for better days....but who knows when that will happen.
