The fact that support for reforms of the structural variety has been growing during the past year’s policy debate suggests to me that many thoughtful people have given at least a tentative negative answer to that question.
Of course, the specifics of a good number of these proposals have yet to be formulated, and judgment of the merits must await their further development, insofar as the details will determine whether a proposal is likely both to be effective and to have manageable unintended consequences.