The Twitter exchange with Simon Johnson and James Kwak, @baselinescene, touches upon many central issues. Some of these are discussed in a short article, written for a forthcoming book edited by Janet Byrne on the Occupy Movement. A link to the book is here. Originally we posted a link to that article, but we were informed that we were not supposed to post that article on our webpages… Fortunately, we have a related article and you can access that here.
So there is much agreement between us and @baselinescene, but we are clearly more optimistic about the resilience of US institutions.