DAVID BROOKS and THE LOST DECADE

David Brooks

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Give the devil his due and the devil’s domain too.  When they’re right, they’re right.  David Brooks has an excellent Op Ed piece in today’s New York Times.  The title belies the content.  The article is better than its label.

Brooks points out that “Roger Altman, a former deputy Treasury secretary, is arguing that America and Europe are on the verge of a disastrous double-dip recession”.  Republicans and Democrats are stuck in their own one cure solutions.  Democrats say government needs to spend more to jump start the economy. They always say that.  Republicans say the government needs to tax less and get out of the way, and then the recovery will begin.  They always say that.

Brooks is more disposed to the idea of throwing out the bath water, throwing out the baby, throwing out the tub, throwing out the towels, the soap, the powder, the whole ball of wax.  Then he would start anew with a flat tax.  He doesn’t say it but he describes it.  Brooks would give the whole international banking and monetary system the Ron Paul treatment and start from scratch.  But he calls it the holistic approach.  Read it if you want to see David’s solutions.

[David, did I read you right?]

Roger Altman, a former deputy Treasury secretary, is arguing that America and Europe are on the verge of a disastrous double-dip recession

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