I second your "Second New Deal" idea, though I prefer Chris' revolution.
Related remark - John Williams (shadowstats) predicted this past year's performance in December, 2006. I wrote to him the other day, trying to gauge any interest in co-ops or re-regulation. He's a sort-of libertarian, but he said that such approaches sound interesting to him now - except that it's too late. Stagflation = death this time - no way out.
Robert Reich has been preaching higher taxes on the rich and earned-income-credit for the poor lately. Sounds OK to me, too. paul spencer
I don't see why there would have to be no way out of stagflation this time around. We have met the enemy, and he is us — Pogo
As to John Williams' comment, I was just musing. Actually, I was amused that he would entertain the idea of co-ops or regulation, given his basic philosophy. Then he was sort-of emphatic that we were submerged in quick-shit. No, I don't agree with him about the future - just the present. paul spencer
