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March 21, 2008
More news about economic pain spreading to main street
Peter Goodman of the New York Times writes a story (still not Pennsylvania specific) that illustrates how economic problems are spreading. Commenting on this story Dean Baker notes that the bad debt in the economy probably exceeds $1 trillion.
Paul Krugman explains the parallels between the current situation and the banking crisis of 1930-31.
James Parrot of the Fiscal Policy Institute in New York "counts the ways today's economy is not the one we thought we had".
Posted by Price at March 21, 2008 08:34 AM