1. This Time, It Really Is Different.
- Author
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Nocera, Joe
- Subjects
- *
ECONOMIC development , *FINANCIAL planners , *ECONOMIC policy ,UNITED States economy - Abstract
The title of the white paper is, admittedly, a mouthful: ''The Way Forward: Moving From the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness.'' It was commissioned by the New America Foundation, which hoped that it might ''re-center the political debate to better reflect the country's deep economic problems,'' according to Sherle Schwenninger, the director of the foundation's Economic Growth Program. Its authors are Daniel Alpert, a managing partner of Westwood Capital; Robert Hockett, a professor of financial law at Cornell and a consultant to the New York Federal Reserve; and Nouriel Roubini, who is, well, Nouriel Roubini, whose consistently bearish views have been consistently right. It is scheduled to be released on Wednesday. I don't know that anything at this point could re-center the political debate, so unyielding are the two parties. But as Congress prepares to take steps, through the deliberations of the already deadlocked supercommittee, that will likely further wound our ailing economy, ''The Way Forward'' ought to at least give our politicians pause. [ABSTRACT FROM AUTHOR]
- Published
- 2011