This Time, Our Economy Really Is Different

The title of the white paper is, admittedly, a mouthful: â??The Way Forward: Moving From the Post-Bubble, Post-Bust Economy to Renewed Growth and Competitiveness.â? It was commissioned by the New America Foundation, which hoped that it might â??re-center the political debate to better reflect the countryâ??s deep economic problems,â? according to Sherle Schwenninger, the director of the foundationâ??s Economic Growth Program. Its authors are Daniel Alpert, a managing partner of Westwood Capital; Robert Hockett, a professor of financial law at Cornell and a consultant to the New York Federal Reserve; and Nouriel Roubini, who is, well, Nouriel Roubini, whose consistently bearish views have been consistently right. It is scheduled to be released on Wednesday.