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Archive of posts published in the tag: stagnation

Economic Thoughts 2023 01 08

Jan. 08, 2023

Firewalls serve to restrain complex and tightly coupled systems; small recessions are preferable to systemic failures.  The political wish to avoid recessions by neutering small corrections only paves the way for greater failures.

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The New Normal is the Same as the Old Normal

Feb. 22, 2017

From Marc Levinson at The Wall Street Journal, Why the Economy Doesn’t Roar Anymore: Historically, boom times are the exception, not the norm. That isn’t true just in America. Over the past two centuries, per capita incomes in all advanced

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