In this speech St Louis Fed President James Bullard says this crisis leads to 3 funerals and 1 wedding. 3 funerals are
- Great Moderation (also suggested by Acemoglu; though Bullard adds it is not a complete funeral as we still need more volatile data for more times ahead),
- financial markets (also suggested by Acemoglu though in different fashion – he says free markets are not the same as unregulated markets)
- monetary policy via nominal interest rate targeting as rates move towards zero. (I should add Bullard also in this list as St Louis/ Bullard are alternate members this time in 2009).
The wedding – the idea on the rise – is fiscal policy defined as more direct intervention in certain parts of the economy. I am actually seeing a lot of speeches/papers which suggest the same thing- rise of Keynesian policy. For instance see this recent comment by FRBSF…
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Utopia, you are standing in it! 
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