https://pjmedia.com/richardfernandez/2010/06/30/crystal-balls/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 02:56:25 -0400<![CDATA[The oncoming Third Depression, according to Paul Krugman, will be the result of a failure of nerve. He fears that policymakers around the world have succumbed to their fears and pulled back just when economic safety was within reach; they haven&#8217;t borrowed enough; haven&#8217;t spent enough to avoid the catastrophe he believes is increasingly likely. Writing in the New York Times Krugman said:]]>Wed, 30 Jun 2010 03:23:00 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2010/06/30/crystal-balls-n189869