Eduardo Porter in the NYT on debt forgiveness:

“The good news is that by now economists generally understand the contours of a successful approach. The bad news is that too many policy makers still take too long to heed their advice — insisting on repeating failed policies first.”

Read the article here.

Aren’t many of these policy makers democratically elected?

Perhaps, the electors need an avant-garde. Because how long can we repeat failed policies?