Jared wants bold ideas from economists, Mankiw says economists are clueless

Limits of Scarcity

Dunno what bold ideas he has in mind as he hides them behind a firewall.

But I would start with Mankiw and ask,'Why are economists clueless about interest rates?.'  

The answer is well know, Krugman's plan to cycle causes an accumulating loss which is paid for in central bank taxers. The central bankers know this, their balance sheets can never shrink without imposing a loss on Treasury. Hence, as you can see for yourself, velocity is in the shit pan, down to M2 at 1.4 as the fiat bankers lose market share due to Fed axes.  Hence, any effect by government has to include taxes or default.

And that brings us back to your bold idea, why not just give Treasury a variant limited double spending power to tax us directly without involving the central bank.  This moves the accumulating loss out of the Fed sheet and onto Treasury with the power to expense it directly with direct inflation equal to the natural losses from Krugman running that foul MIT scam.  And while we are at it, can we cancel the second MIT economics scam they are now attempting? Canceling MIT goes a long way for Mankiw to figure out interest charges.