The number that tells us the economy might be doomed – Matt O’Brien, The Washington Post, March 23, 2016 By alibali on March 31, 2016 in Dog Bone Blog “Or, as Larry Summers argues, it takes lower and lower interest rate to produce less and less growth. It’s a new old problem called “secular stagnation, where slow population growth means slow investment growth – why build new offices and houses if there aren’t new people for them? That turns today’s slow recovery into tomorrow’s and then forever’s.”
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