Now is the time to take a close look at models.
No, not those who strut the catwalks of London, Paris and other rallying points of international fashionistas. Instead, those economic models that might contain clues for post-recession policy. The European Union wants to jack its growth rate up from a meager 1% to 2%, and the United States would like to see its economy grow at an annual rate of at least 3%. Faster growth means more jobs, and an increased flow of tax revenues with which to bring down the huge deficits many countries are running.