Are We Suffering from Too Many or Too Few Workers?

Binyamin Appelbaum had an interesting piece in the NYT more or less summarizing views of economists on the economy's near and long-term problems. The piece reflected the incredible confusion among economists. This raises the obvious question, if economists really have no clue about the economy, why do we waste good money on them?

Anyhow, we find that we are suffering from too many workers (high unemployment) and likely to continue to experience high rates of unemployment for the indefinite fu...