Mish Shedlock is quoting top policy wonk and economist Larry Summers as saying the solution to the econ crisis is more of the same, and then,
People need to understand that an inherently evil activity, that is government, needs a belief system and philosophy to maintain it. Keynes wrote his economic thesis as the previous "philosophy" was falling apart, and new one emerged. Every one of these ideas has an internal contradiction, and that is necessary to maintain the system.
When Joseph advised Pharoah on an economic system, it was clear to Pharoah it was a bad idea for the people, but good for Pharoah. Every system since then has adopted an internally contradictory construct. they last for a while, and fall apart. Mo Tze developed a system of governance that would be recognizable in Hong Kong today, but Kung Fu Tze (Confucious) cam up with a system that rationalized the overwhelming governance system that the Chinese suffered under for 2500 years. The system that wins is necessarily a bad idea for the vast majority of people.
So when a public official says something nuts like to solve the problem we need more of what caused the problem, they are just doing their job. They know very well it is a bad idea, but they also know the vast majority of people say "oppress us, but fight our battles for us..."
So the powers that be are clear on this: agree to the people's demand - oppress them AND take THEIR children to fight their battles for them. The hallmark of every "great" civilization is child sacrifice. Americans clamor to have their children shipped overseas to fight their battles for them, so they can be safe. It has never turned out well in history.
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