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Nobel Prize-winning economist Paul Krugman, spoke at the Commonwealth Club of California this week about his new book, "End This Depression Now." 

Krugman noted that four million Americans have been out of work for more than a year, which hasn't happened since the Great Depression. 


He blames indequate stimulus, and says austerity was the problem -- not the solution-- to our current economic problems. Krugman told the audience the solutions are easy to do economically, but hard to do politically.

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Nobel Prize-winning economist Paul Krugman, who spoke at the Commonwealth Club of California this week, says austerity is the problem -- not the solution -- to our current economic problems. Krugman says the solutions are easy to do economically, but hard to do politically.

Economist Paul Krugman: we know how to fix the economy

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