That means more debt restructuring and more bank closures now, rather than watering down proposals to rein in freewheeling markets. Looking ahead, as Robert Shiller of Yale University has repeatedly emphasized, public policy must help to forge futures markets that hedge risks better and more reliably align incentives.
应该怎样做？由于决策者预测的增长万灵丹不可能解决问题，因此对付金融过剩就成为更加紧迫的问题。这意味着在今天进行更多的债务重组，让更多的银行关门，而不是不把约束自由市场的方案当回事。放眼未来，正如耶鲁大学的罗伯特·希勒（Robert Shiller）所一再强调的，公共政策必须有助于在未来形成更好地规避风险、更可靠地协调激励的市场。