Paul Krugman, When Consumers Capitulate, New York Times , October 31, 2008;Paul Krugman, Paradox of Thrift, New

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Paul Krugman, When Consumers Capitulate,New York Times, October 31, 2008;Paul Krugman, Paradox of Thrift,New York Times Blog, February 3, 2009;Paul Krugman, We're Still In A Paradox Of Thrift World,New York Times Blog, Aug 26, 2010.In what sense have "American consumers long been living beyond their means?" How does Paul Krugman qualify the "paradox of thrift" idea?

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Paul Krugman, When Consumers Capitulate, New York Times , October 31, 2008;Paul Krugman, Paradox of Thrift, New

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