Depression Economics in the time of corona

The current crisis, in contrast, is a consequence of a cause outside the financial system, and a lasting solution has to come not from financial sector polices but from science

Reading Paul Krugman’s books on “Depression Economics” in these corona times might not seem like a terribly original idea; it might even seem like self-flagellation. Well, I didn’t get there by deliberate choice. I was dusting my bookshelf to put the lockdown to good use and “discovered” a couple of Mr Krugman’s books in the back row. I started browsing through them, and eventually ended up re-reading them.  It turned out to be a rewarding experience notwithstanding the dismal subject and the dismal times we are now enduring. Was my sense of time well spent because the author is considered