Today, October 26th, 2011, the New York Times publishes my op-ed on the causes of the current crisis. Awesome.
How come? I’ve been making this argument for 25 years, anyway, what changed? The times caught up to me? OK, stupid question. I got better at expressing the argument? Possibly. I know who to thank for that.
I think it’s a matter of need. Our times need radical thinking–paradigm shift and all that–but the radicals who are thinking don’t (maybe can’t) want to be part of their times. The exception to this rule can be found in Zuccotti Park.
Anyway, you all, have fun with this op-ed.
Politics and Letters 
Congratulations, Jim. Fine op-ed piece!
Jim: I don’t agree with or like Don Boudreaux, but I am curious about your reply to this: http://cafehayek.com/2011/10/vulgar-keynesianism-on-steroids.html#comments. Is there anything from your book that he is missing (i.e. the efficiency and multiplier effects of private investment dollars). -TL
The op ed is FANTASTIC. Genius. Can’t wait to read your new book!
I like the op-ed article. I was pleased and not so surprised to see the numbers supporting the case for consumer and government spending. I am concerned, however, that the balance between consumer spending and industry spending in the US economy is out of balance. I believe a 60/40 or 55/45 balance of consumer/industry spending is healthier than the 70/30 balance that existed before the Great Recession.