Secular stagnation

I ran into an article by the usually excellent Joseph Stiglitz on secular stagnation, entitled “The Myth of Secular Stagnation.” They gist of the article appears to be that the idea of secular stagnation is some sort of a ploy to absolve policy makers from responsibility of the slow recovery from the Great Recession. I think this view is so fundamentally wrongheaded that it seems worthwhile waking this little blog up from the dead to offer a brief comment on this notion.

Click on the link to read Eggertsson’s article

http://gautieggertsson.blogspot.com/2018/09/secular-stagnation-myth-and-reality.html