Current situation and Romney's economic plan

New Greg Mankiw's article in New York Times. Don't disregard it as merely "conservative thinking" - the first half of the article is an overview of the current economic situation which is unbiased and enlightening.

In the second part of the article Mankiw does express his view on the economic recovery: he opposes the "traditional fiscal stimulus", and instead argues for 1) lower taxation of income from corporate capital; 2) more pro-business policies, such as passing the free trade agreement with South Korea and reigning in the National Labor Relations Board, i.e. reducing unions's interference with businesses.

One may recognize the points of the economic plan recently unveiled by Mitt Romney - and indeed, Mankiw is apparently advising Romney's campaign on the economic matters.