Tag Archives

Archive of posts published in the tag: stagnation

Economic Thoughts 2023 01 08

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.

Read More

The New Normal is the Same as the Old Normal

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

Read More