Solow on rational macroeconomics

I have complimented Robert Solow before on this blog (as if he needs my praise) but I think it's time to link again - via Mark Thoma - to a speech he wrote in 2003. This says, concisely and persuasively, most of what the macroeconomic doubters have been talking about for the last few months. And six years ahead. Impressive.

http://economistsview.typepad.com/economistsview/2009/08/solow-dumb-and-dumber-in-macroeconomics.html