Wednesday, July 21, 2010

Big Problems, Simple Solutions

As this recession drags out, we'll probably see more and more people arguing that this just the new normal, that we face new "structural unemployment," that what we can really do for unemployed 58 year olds is give them exciting "job training" so they can learn exciting new skills, blah blah blah.

When all we really need to do is boost aggregate demand by a lot.