Summary: Amidst the bursts of enthusiasm about the economy by bulls (boom!) and bears (recession!), the reality continues to be slow growth, and slowly falling forecasts for the future. Only slowly do people come to realize that, as so many sell hope and despair to their audience. This post looks at our economy from the …
Put the latest stats in larger context to understand the economy Read More »
Summary:Â 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 …
Do we face secular stagnation or a new industrial revolution? Read More »
Summary: Today we discuss secular stagnation (what Tyler Cowen calls The Great Stagnation). It has emerged as a major public policy concern as forecasts for a boom proved false (again) in 2014 — and the economy slowed in the early days of 2015. We face a dark future if we can’t restart the economy, especially …
Dreams of a boom fade & attention turns to secular stagnation. Read More »
The rate of technological progress has slowed, broadly speaking since the 1960’s. The most commonly cited example is the speed of flight. The astronauts of Apollo 10 traveled at 25,000 in 1969, the same year the first and only successful supersonic commercial airliner flew. Now we have neither. Worse there are indications that the basic …
Is the profession of science broken (a possible cause of the great stagnation)? Read More »
Summary:Â “Is the economy in technological stagnation? Or will computers take all our jobs?” An analysis from the Fed gives us an answer. Another in a series of posts about the future of America’s economy and the coming of the next industrial revolution. . “The Productivity Paradox: Is Technology Failing or Fueling Growth?” By Andrew …
Looking at America’s future: economic stagnation, or will computers take our jobs? Read More »
