... is Ricardo Hausmann's advice to monetary and fiscal authorities in the U.S.
I like especially the opening sentence:
The same voices that supported tough macroeconomic policies to deal with the excesses of spending and borrowing in east Asia, Russia and Latin America are today pushing for a significant relaxation in the US to deal with the so-called subprime crisis.
I wonder who Ricardo has in mind by the "same voices." Well, I don't actually. It's pretty clear...