In Need of Rescue
Published in Forward Magazine
The headlines read like the beginnings of a summer blockbuster, with U.S. Treasury Secretary Timothy Geithner telling CNN’s State of the Union : “We’re almost out of runway.” The clock was ticking and if someone didn’t step in and raise the debt ceiling, the world was going to end. Or at least, that was the picture being painted.
If this were a summer flick, a hero would swoop in and save the day. No more debt, no more recession. But no hero is coming to America’s rescue and there doesn’t seem to be an end in sight for the United States’ economic woes. So we enlisted four of the most brilliant minds in economics to solve America’s problems.
For the second year, Margo Thorning, chief economist at the American Council for Capital Formation, gathered expert economists for Forward’s economic policy roundtable and asked them to tackle today’s hottest and most complex issues. These economists may not be superheroes, but their ideas may indeed rescue the distressed economy.Read Entire Article