Daily Archives: September 9, 2011

Macro Solutions, Practical And Otherwise

President Obama outlined a new plan to create jobs last night in his speech before a joint session of Congress, although the old debate about what’s keeping the economy from recovering in a meaningful way rolls on. But if the perspective appears fuzzy on cause and consequence, Paul Kasriel, chief economist at Northern Trust, insists that your perspective isn’t properly focused. As a solution, he dispatches a crisp review of what went wrong and what, in theory, could go right, assuming a certain institution headed by one Ben Bernanke acts decisively.

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