The Growth Imperative

Now that we’re in the decade of the nasty crawl, what political approach is best for getting us out of it?

At this hour what I can say is David Brooks is dependably wrong.

I will look again tomorrow if you wish.

We need two conditions to exit the deflationary cycle we are in.

We need a high marginal rate of return on capital in this country and money in the hands of people who will spend it on locally produced goods. Brooks speaks to neither of these.

I need to keep up with my reading: ( http://krugman.blogs.nytimes.com/2010/07/30/dont-know-much-about-economics/ )