…blaming this as a major reason for secular stagnation. But the big question is whether the title is an accurate representation of what is in the book, which has come…

We are now almost 24 months into the Great Recession. While many expect NBER will eventually say that The Great Recession ended several months ago, they have not yet. By…

Since the early 1980s the US economy has undergone a significant shift with the old 3-4 year business cycle giving way to much greater economic stability as since 1984 the…

…for the fathers of this republic. The signers of the Declaration of Independence were brave men. They were great men too—great enough to give fame to a great age. It…

…their own interests. Utah officials sued over failure to save Great Salt Lake: ‘Trying to avert disaster,’ The Guardian, Maanvi Singh Environmental and community groups are suing Utah officials over failures…

…down -1.0%. Finally, on the theme of “somebody is wrong on the internet,” Kevin Drum writes that “The Great Resignation was neither great nor a resignation,” citing work by the…

…If you’re wondering what I’m talking about, . . . our great-great grandfathers lived, as we do, in a world of large-scale international trade and investment . . . Writing…

…to be the sucker. Banks trying to make loans in a time of stagnation are obvious suckers. Where’s the profit in loaning at 3.8% when the risks of default are…

…Great Stagnation, folks. Beyond the point of supplying necessary financing for businesses and mortgages, financial manoeuvrings – speculation in particular, and most especially so with sophisticated derivatives that nobody knows…

…historical perspective, hours of work stagnated before wages did. I’m well aware of the post hoc propter hoc fallacy. Just because the hours stagnation came first, doesn’t necessarily mean it…