Adventures in babysitting

Happened across a great article by Krugman, written in 1998 about Japan's financial troubles. Very clear and explains a lot of what is happening now, and why we need a government stimulus.

I didn't know that Krugman used to teach at MIT (I knew he got his PhD there). I haven't been able to find when he was there as a faculty member, but he's been at Princeton since 2000.