A Path Forward on Economic Policy
We know the success of our economy depends in large part on a vibrant, market-based economic system. But markets, by their nature, don’t deal effectively with many issues. We must also have a constructive and effective government, with a willingness to engage in principled compromise and ground decisions in facts and analysis.The fundamental challenge facing our economy is whether our political system will be sufficiently functional to meet our economic policy challenges. What will it take to reestablish intellectual integrity around facts and analysis in the policy arena? Is fiscal policy on the right track? Can we afford to fund important initiatives with increased deficit spending?