Off the Rails: How to Get the Recovery Back on Track
This column gives a better overall picture of my economic policy stance than any other single post so far. From the conclusion:
Franklin Roosevelt famously said:
The country needs and, unless I mistake its temper, the country demands bold, persistent experimentation. It is common sense to take a method and try it: If it fails, admit it frankly and try another. But above all, try something.
We at such a moment again. The usual remedies have failed. It is time to try something new. Any one of these proposals could make a major difference. In combination, they would transform the world.