Recommended: The Way Forward

Nouriel Roubini, known as Dr Doom before the recession because he kept predicting (accurately) the coming crisis, has co-authored a new paper by the new America Foundation: "The Way Forward: Moving from the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness."

The authors argue that nothing proposed thus far by either the Democrats or the Republicans is adequate to deal with the current fiscal crisis, and propose the sort of long-term massive infrastructure rebuilding program that might be needed to restore the nation's economic health. And by the way, they don't believe deficit reduction at this point makes any sense either.

This paper is somewhat academic in tone, but very important and well worth reading anyway. The nation is clearly in a serious financial crisis, and we need our best minds to help us figure out how to get out of it. These three authors are among our best minds on this topic.