This article was written by Paul Krugman. The article appeared in the New York Times, so it was probably viewed nationally and possibly internationally. It was written to show Americans that the economic woes that we face are not contained within our boarders. This is truly a global economic problem. This article is directed toward the American people. Most people probably do not realize that this problem is a global dilemma and Mr. Krugman wrote it in order for people to get a better understanding of what is going on internationally.
The basic message in this article is that the current economic predicament that we face in America is also a global problem. The author wants to outline the basics of this financial calamity so that the average person will understand what we are really looking at. The author says that the problem stems from a few areas not just the monetarily overzealous bankers. The author does not particularly condemn one specific group, but attempts to show that problems that are plaguing the entire global financial system.
