Policy must also chart a stable long-term course, which implies the need to reconsider the paradigm of the past 25 years. That means ending trade deficits that drain spending and jobs, and restoring the link between wages and productivity.
这还不足以仅仅应付当前的危机。政策必须制定出一个长期的路线，这意味着需要重新考虑过去25年来的模式。这就意味着结束拖累开支和就业的贸易赤字，并且恢复工资和生产效率的联系。这样，是工资收入而非债务和资产价格膨胀可以再一次提供需求增长的动力。