The Great Unraveling

Paul Krugman spent three years writing twice-weekly columns for the Times as the 1990s boom collapsed into corporate scandal and deficit spending, and this collection captures that moment in real time. As a historical record of a pivotal economic period, written by a Nobel laureate who largely called the problems correctly, it has lasting value. The column format makes it easy to read in pieces. Be clear-eyed going in, though: this is sharp partisan commentary aimed squarely at the Bush administration, and Krugman does not strain for balance. Readers across the political spectrum will find their patience tested at different points. Some economic predictions have aged better than others, and the column-length format means certain arguments circle back repeatedly.