The past week brought news of US double-digit unemployment and the Federal Reserve's decision to maintain near-zero interest rates. Both pieces of news expose the inadequacy of US economic policymaking. The Obama administration's stimulus policies are not well-targeted. The Republican alternatives are even worse. Both sides are missing the key fact: the US economy needs structural change that requires a new set of economic tools.
過去一周有兩條消息：美國失業率達到兩位數；美聯儲(Fed)決定維持近零利率。這兩條消息均暴露出美國經濟決策不充分。奧巴馬(Obama)政府的刺激政策缺乏針對性，共和黨的替代方案甚至更糟糕。雙方都忽略了一個關鍵事實：美國經濟有必要作出結構性調整，而這需要一套新的經濟工具。
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