An Economic Double Feature: ‘End This Depression Now!’ by Paul Krugman Vs. ‘The Real Crash’ by Peter Schiff

‘The Real Crash: America’s Coming Bankruptcy’ by Peter Schiff (St. Martin’s Press; May 22, 2012)

‘End This Depression Now!’ by Paul Krugman (W.W. Norton & Company; April 30, 2012)

Two leading economic thinkers; one a Nobel Prize winner, the other a proven prognosticator; one on the left, the other on the right; one a proponent of the stimulus approach, the other a proponent of small government and the austerity approach; both best-selling authors and both with a new book covering the same topic: how should America handle its continuing economic problems? While the two books focus on the American situation, the arguments therein do not end at the American border; rather, the theories presented are largely applicable to any country that finds itself mired in the current  economic downturn (and which country isn’t?)

I have summarized both books, so that the reader can make up their own mind as to whose argument is better. With the economic situation as it is, and the American election coming in the fall, there has never been a more important time to understand the issues. I hope you join me on this journey through the current economic landscape, and in tackling the question of how we can all get back to good. Both articles are available through the links below:

A Summary of End This Depression Now! by Paul Krugman

A Summary of The Real Crash: America’s Coming Bankruptcy–How To Save yourself and Your Country by Peter Schiff

In addition to the articles, I have also produced a podcast wherein I compare and contrast both books directly. To listen to the podcast click on the following link and press play.

The Podcast

*The podcast is also available for download on iTunes.

One thought on “An Economic Double Feature: ‘End This Depression Now!’ by Paul Krugman Vs. ‘The Real Crash’ by Peter Schiff

  1. You are performing a useful function giving careful synopses to important books. After the election I will refer readers on my own blog (americantitanic.wordpress.com) to your depiction of the Krugman and Schiff “debate” as it signifies an important aspect of our congressional gridlock. What one sees as the cure, the other sees as part of the problem, and those attitudes are reflected in both parties.

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