From John Mauldin in his blog, Mauldin Economics, Where is the Growth? Yes, shrinking workforces, private-sector debt overhangs, and technological innovation are making it difficult to achieve “financially stable growth with full employment” (quoting Summers); but governments and central banks are
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From John Mauldin in his blog, Mauldin Economics, Where is the Growth? We’ve tried countercyclical deficit spending to resist recessions, procyclical (and rather wasteful) deficit spending to support supposed recoveries, and accommodative monetary easing all along the way (to lower real
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From John Mauldin in his blog, Mauldin Economics, Where is the Growth? Government is necessary to the extent that we need to maintain a level playing field and proper conduct, but with the recognition that wherever government is involved there are costs
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From John Mauldin in his blog, Mauldin Economics, Where is the Growth? There are many economists, with Paul Krugman at their fore, who believe that Keynesian monetary policy is responsible for the United States doing better than Europe. I beg to differ.
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From John Mauldin in his blog, Mauldin Economics, Where is the Growth? Our lives and our conversations are full of presuppositions. Our daily lives are based upon quite fixed views of how the world really works. Often, the answers we
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