Assignment #6- JDeVoll

"Revenge of the Glut" was written by Paul Krugman. In the article that appeared in the New York times, Krugman claims the answer for our financial crisis can be found in a speech Ben Bernanke gave four years ago. I believe was written to give some kind of explanation to the American people, and even the world, why our global debt is so large. The author is trying to explain to the people how we got into this financial situation and I think he pretty much sums it up in at the end of the article. "One way to look at the international situation right now is that we’re suffering from a global paradox of thrift: around the world, desired saving exceeds the amount businesses are willing to invest. And the result is a global slump that leaves everyone worse off."