Risk/Return: 2 Paths to Fixing the Jobs Crisis

[T]wo teams squared off last month to debate the question of whether Congress should pass President Obama’s jobs plan piecemeal, if necessary. The debate, held under the auspices of Open to Debate formerly known as Intelligence Squared U.S. , pitted Moody’s Analytics economist Mark Zandi and Princeton University policy wonk Cecilia Rouse against Richard Epstein, an NYU law professor, and Dan Mitchell of the Cato Institute, with the latter duo arguing that what’s needed for the economy to rebound and ultimately create new jobs is structural reform, not what Mitchell called faux stimulus.