Quote,unquote: What the economic crisis demands

The dramatic events of recent weeks have destroyed the idea that markets are best left to their own, unregulated devices. The enormous costs of this complacency have been clearly demonstrated. Government and its institutions must now show leadership and play a more active role in stabilizing financial markets, stimulating real investment, and maintaining employment and incomes.

-- from an open letter signed by 88 economists on the Progressive Economics Forum blog.