All the world's troubles in 10 minutes
Update Sept 2012. In Government Policies and the delayed Economic Recovery Lee E. Ohanian, John B. Taylor and Ian J. Wright, eds., Stanford: Hoover Institution Press (Sept 2 2012), p. 193-199. (Whole book here ; Manuscript of my comments here. ) Written version of my remarks at the Hoover Conference, "Restoring Robust Growth in America," Dec 2 2011. Europe's crisis and how the economy is a garden, needing weeding not the latest fertilizer.