May 19, 2016
LOSING THE PLOT:
Supply Side, Demand Side, or Innovation Side? (Edmund S. Phelps, 5/19/16, Project Syndicate)
It has become impossible to deny the so-called secular stagnation gripping the world's most developed economies: Wealth is piling up, but real wages are barely rising and labor force participation has been on a downward trend.
The acknowledgement that wealth is piling up is, of course, a denial of secular stagnation.
Posted by Orrin Judd at May 19, 2016 6:40 PM