In The Return of Depression Economics and the Crisis of 2008, Paul Krugman warns that America's bleak future may be comparable to that of other countries. Like diseases making a stronger and more resilient comeback, the causes of the Great Depression loom and are much more likely now after the great housing bubble of 2002. In his revised new book, he places even greater emphasis on the crisis in Japan. and crises in Latin America (eg: Argentina), and explains how and why several specific events - recessions, inflationary spirals, currency devaluations - occurred in many countries. While he still doesn't give us any solid options or specific steps to take to save America other than those proposed by other economists, he thoroughly examines international policies and coherently explains to us average citizens , how the world is globalizing – what the world is becoming Countries are now even more dependent on each other. The main ideas of Krugman's book revolve around the "Keynesian Pact" or the "neoclassical consensus". Krugman suggests five general solutions based on the theories of economist John Maynard Keynes: invest more capital in the banking system to unlock markets, develop a program that allows the government to lend money, work hand in hand with other countries, resort to government stimulus packages, reform and regulate the capitalist market system. Just as John Stuart Mill did in Principles of Political Economy, Paul Krugman in The Return of Depression Economics and the Crisis of 2008 believed that government should not only help American businesses make profits, but they also play a major role in protecting the population against big businesses and tycoons. Krugman believes that the average citizen cannot ... middle of paper ... inflation. The strong possibility that businesses would fight inflation by raising prices and wages, thereby increasing the cost of supplies, would undermine demand-side benefits. As a result, Krugman strongly calls on governments of all countries, including the United States, to quietly moderate their economies without diminishing confidence and without triggering or risking the expectations of the general population. Governments should try to make their changes as natural and discreet as possible, especially in the event that the plan does not work, because then the nation's confidence will fall even faster. This idea of ​​“arcane imperii” is also very Keynesian for Krugman. Krugman hopes the benefits of government gambling with inflation will outweigh the supply-side consequences and risks of moderating inflation..