To taper or not to taper - that is the question!

The blog post by Krugman points to the importance of the size of the labor force and changes in it in understanding unemployment data. Given his observations, what can sustain lower labor force participation in the long run?

The prospect of Larry Summers at the Fed

Here is an article that gives a variety of views about the expected appointment of Larry Summers to be Chairman of the Fed: http://www.nytimes.com/2013/09/03/business/as-summerss-odds-rise-stimulus-easing-is-seen.html?hp&_r=0