Look, I nearly flunked Econ I at Stanford but I nevertheless feel I have good instincts about the subject. However, that's all I claim: instinct. And although I've long thought of myself as a "liberal," I've recently felt misgivings about a central tenet of Paul Krugman's solution to the present stagnated American economy, chief among them is his strong reliance on increased "consumption" as our path to recovery. While I agree that it's an important component of America's economy, it's also true that our reliance on it so strongly is what led us to the present mess.
I'm more in accord with this analysis, which views a sound economy as one which balances consumption with a sound presence on the planet. I mean, what's the matter with sustainability, with merely existence and not, always and forever, growth?