Articles by Paul Krugman, 2008 Nobel Economics Laureate
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Hot Money Blues
Paul Krugman, 2008 Nobel Economics Laureate – The New York Times,
1 Apr 2013
Whatever the final outcome in the Cyprus crisis — we know it’s going to be ugly; we just don’t know exactly what form the ugliness will take. The truth, hard as it may be for ideologues to accept, is that unrestricted movement of capital is looking more and more like a failed experiment. Global capitalism is, arguably, on track to become substantially less global.
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