Re-arming US fiscal policy for aggressive use the next time we need it is not just a matter of controlling debt in the medium and longer term. It also requires structural improvements in other aspects of fiscal capacity: specifically, more powerful automatic stabilisers. In this FT column, I suggest three possiblities: a national sales tax, curbs on tax relief for debt, and a much-expanded Trade Adjustment Assistance program.
Cooking for yourself is one of the surest ways to eat well. Bestselling author Mark Bittman teaches James Hamblin the recipe that everyone is Googling.