link Further, link A couple of points: 1) I'm not crazy. I've been pushing for more Fed stimulus and a strict price level target for some time, and now Christina Romer agrees with me. So nyah. 2) IMO, she's correct in her framing of the budget deficit problem. (a) The deficit is important, but (b) it's not important right now and (c) the long-term problem is health care, not the stimulus. So, is 8.9% unemployment enough to justify more government action? If so, what form should it take? Could the Fed communicate unconventional policy effectively, or would it just go over the heads of everyone involved?