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May 22nd 2009, 21:06 by The Economist | NEW YORK
TODAY'S recommended economics writing:
• We tell you which banks deserve plaudits for surviving the financial crisis. Figuring out which banks are the world's best, though, is "a bit like awarding the prize for prettiest war-torn village", says our correspondent.
• Bill Bradley, Niall Ferguson, Paul Krugman, Nouriel Roubini, George Soros and Robin Wells tell us how they would deal with the crisis.
• Tim Geithner is concerned about America's credit-worthiness.
• From sand to silicon chips, in ten easy steps.
• Via Tyler Cowen, a project to redesign the dollar.
• Know any good economic epigrams?
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In this blog, our correspondents consider the fluctuations in the world economy and the policies intended to produce more booms than busts.
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Are you trying to provoke us before the holiday weekend? Geithner on America's credit worthiness? Giving credit to banks that won't give us any? That slate on how they'd handle the crisis? Hopefully, Fundamentalist is fishing or water-skiing already.
Niall Ferguson: Fiscal expansion doesn't work, because it'll push up interest rate.
Paul Krugman: It won't push up interest rates because we have a global saving glut!
Nouriel Roubini: "We need a fiscal stimulus because every component of our economy is sharply falling: consumption, residential investment, nonresidential construction, capital spending, inventories, exports. "
How are we going to pay for our public debt? Roubini suggest that we should convert debt to equity. Oh here's an idea, give every retirees a healthy taxpayer 30 years younger, instead of guaranteed health care and social security.
Hey! before you know it, we are back to the traditional family structure!
I've got an idea for redesigning the dollar: make it two-ply so that we can use it for toilet paper later. Also, it should say "1 for 2" to not confuse people.