I don't necessarily disagree with her observations of the problems in the country; I just cringe when the only solution we can think of is print and/or massively deficit spend (and preferably both)! Everything is about injecting the patient with steroids rather than addressing root causes.
7 minute video
It's a "mistake" for the Fed to end QE2 in June as planned, Romer continues. "The evidence is it's been very effective. I don't understand why we'd be dialing back that tool." Romer lauds QE for helping to weaken the dollar. A weaker dollar makes U.S. goods more competitive overseas, boosting exports and GDP growth, and ultimately hiring. While that's true, she seems to overlook the impact a weak dollar has on ordinary Americans in terms of falling buying power and punishment for savers and those living on fixed-incomes.