productivity

The IMF warns us of economic stagnation & suggests fixes. We should listen.

By / 7 Comments / 9 April 2015

Summary: Today’s post looks at an important new report about the IMF, another step by economists towards recognition that we’ve left the post-WWII order for a new world. Now that’s a world of persistent slow growth, in which repeated rounds of fiscal and monetary stimulus (conventional and unconventional) prevents recessions but cannot reignite strong growth. …

The IMF warns us of economic stagnation & suggests fixes. We should listen. Read More »

Do we face secular stagnation or a new industrial revolution?

By / 8 Comments / 7 June 2016

Summary:  US growth is slowing when it should be accelerating as we shake off the effects of the crash. The possibility of a fifth year of slow growth strengthens fears of stagnation like that afflicting Japan since 1990. Yet there’s good reason to suspect that a new industrial revolution has begun, potentially generating incredible new …

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At last economists see the robot revolution. Here’s why they worry.

By / 27 Comments / 5 March 2015

Summary:  When I first warned about the “robot revolution” (the 3rd industrial revolution) 3 years ago, I was one of a minority. Experts assured us it would produce quick benefits without much disruption (unlike the previous 2). Time has brought new evidence, and now concern has replaced confidence. Today we review the problem. The next …

At last economists see the robot revolution. Here’s why they worry. Read More »

A graph showing the end of America as we know it.

By / 17 Comments / 27 August 2015

Summary: This is third in a series showing that we’re losing America. This post examines rising inequality of income, one of the major forces reshaping our society and politics. It’s not a class war if we don’t fight back.  {2nd of 2 posts today.} The one graph that ties together the strands making a New …

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Three stories of America’s decline for your weekend reading

By / 3 Comments / 12 July 2014

Summary:  Here are three stories about the decline of America. They’re too complex and too good to abstract. Please read them. The Republic is happening on our watch. It need not be so. That is the vital thing we must realize. Everything flows from that. . I use Twitter (@FabiusMaximus01) to flag interesting and valuable …

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