Extra Credit: Understanding a Long Argument

As mentioned in class, your next extra credit assignment is to read the following column by Paul Krugman in the New York Times:

• Cleaning Up the Economy

Figure out Krugman's argument: what is his main point? What are his reasons supporting this main point? Paraphrase Krugman's argument in a clear premise/conclusion format and in your own words. Hand in your formal premise/conclusion version of Krugman's article at the beginning of class on Tuesday, September 18th.