The very straightforward prescriptive measures include: 1. Fixing the banks (as I have said here they are not yet sound-the toxic assets largely still remain) ; 2. Lowering the cost of hiring- this seems simple enough but of course politically difficult. High employment costs= lower # of employees...always has/always will; 3. Changing Monetary Policy- they are 100% correct. The so called "carry trade" where banks are making billions for not lending has to be reversed ; 4. Increase Immigration- this is a sensible manner of correcting the huge imbalance that we have in terms of retirees to those actively employed.
Quite good stuff.
