Continuing on the subject broached by Brad DeLong, Ken Rogoff has a post at Project Syndicate. After touching on thoughts floated by Lawrence Summers, Jeffrey Sachs, and Robert Gordon, sadly, he doesn’t offer much in the way of solutions. He does provide a somewhat enervated plaint about public debt and a plea for infrastructure spending and public-private partnerships alone the lines of President Obama’s “infrastructure bank” but that’s about it.
I think we need to open a new can of policy makers.
Update
Writing at Bloomberg, Caroline Baum contributes to the discussion with one important question: why are economists proposing cyclical solutions to secular problems? It’s the policies, stupid.
I think we need to open a new can of policy makers.
On which aisle are those cans? I’m shopping.