Why didn't I think of that?
In today's NY Times, Christy Romer solves our economic problems:
"The Federal Reserve, Congress and the president need to reaffirm that they will do whatever it takes to restore the economy to full health... They should follow up with powerful fiscal and monetary actions to create jobs — coupled with a concrete plan for tackling our long-run budget problems."
Look, I know the Times only pays $1,000 per column, but this has got to be a joke, right?
What exactly are these mysterious "powerful" policy actions and why didn't the government try them when Dr. Romer was head of the CEA?