As I write, I am listening to the U.S. Senate Banking Committee hearings on lessons from the New Deal. Participants include Christine Rohmer of the President's Economic Council, Jamie Galbraith (son of J.K.) and Brad Delong from Berkely and of blogging fame. What a treat!
Where is the Canadian counterpart? We have several excellent schools of public policy and a world class cadre of academic economists. Our two major political parties have fundamental philosophical differences (don't they?) regarding economic policy. And we have a third party (with a substantial academic following) committed to an alternative economic vision. Yet open the paper, turn on the television, or try to search out a public forum on economic policy and it is the same hackneyed arguments we have been hearing for years.
We are in the middle of the greatest economic crisis in several generations. Canadians are being asked to make, and to understand decisions, that will affect them for generations to come. They deserve more than this.
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