Stephen Goldsmith of Harvard offers five “strategies of yesteryear” that won’t work in the face of the extraordinary fiscal crisis we now face. “We need to break out of our old patterns of thinking and break some old habits,” Goldsmith writes on the economic website E21. It’s an intelligent and informed piece — and makes one eager to read his future columns on what needs to be done. (h/t: my Ethics and Public Policy colleague Yuval Levin at NRO)

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