This Time Is Different...

For an excellent article that goes beyond Reinhart & Rogoff's book "This Time Is Different: Eight Centuries of Financial Folly", take a look at this link, which is quite good and offers a good prescription for what ails us.

Note: I agree with the "target" of energy policy, but whereas the author believes a form of cap & trade will work, I think that the big infrastructure idea needs to be a comprehensive energy policy, new grid, and massive incentives for all forms of energy to "somehow" create BTU's and get them on the grid. This will create innovation, new ways to find and create energy, create jobs, and ultimately the knowledge we gain can be exported to other countries, delivered by our "services economy".