The current economic crisis differs from any other in American history, so it demands a policy response that’s innovative enough to address it.
We are living in a world rapidly evolving away from the mental constructs and language of the last 375 years. These ideas can be traced to the Treaty of Westphalia ending the 30 Years War in 1648 and Grotius proposal of a system of International Law in the same era. The ideas were then extended through the development of state warfare culminating in the Napoleonic Wars.
In today’s Financial Times of London, former Speaker Newt Gingrich analyzes the current epic battle in Washington and concludes that history is against the “whiners, complainers, and the hysteria mongers.” There has been a great deal of hyperbole and hysteria
