Economist Jeffrey Sachs calls for "a new macroeconomics". I'm game: to pay all our bills, current and future, we need a lot more economic growth. Pronto. What does Mr. Sachs propose?
Government-funded "research, development, demonstration, and deployment of clean, sustainable energy"; higher taxes; and more "investment" in foreign development.
Sometimes being made full professor at Harvard at age 29 is not a good thing.
However, he will soon get his wish as the ideas of the 1970's are in big demand in the upcoming administration.
Posted by: kyle8 | November 06, 2008 at 07:11 AM
I thought economists would be among the last to confuse their dream world with reality. Evidently that Harvard cocoon insulates pretty well.
Posted by: JorgXMcKie | November 06, 2008 at 10:55 AM
At least I agree with one part of his article:
"Twenty-first-century problems cannot be solved by trying to resurrect the policies of the 20th century."
Posted by: Gnar | November 06, 2008 at 09:50 PM
It's very frustrating, will these people EVER get it?!
Posted by: Speedmaster | November 11, 2008 at 04:34 PM