The article, Revenge of the Glut, was written by Paul Krugman. This article was published on March 1st, 2009, in the New York times. Krugman received his degrees from Yale and MIT and later went on to teach at those fine universities. He started writing for the New York times in 1990.
The audience for this article is people who don't know much or anything at all about the economy. Therefore, this article is mostly about the economy and how it works. Krugman talks about how every economy rises and falls and that people just have to adapt to the changes.
He talks about how this is the revenge of the glut and there are money issues with America and other countries. I feel that we are America and we can get through anything. Other countries have been through this situation and came out okay, so I have faith that we will too. We just have to figure out how to get our money back. All in all this was a great article and it taught me a few things.
