Macro Lit Review 3: Highlights from Early 2023 with George Selgin
Macro Musings with David Beckworth
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Is There a Secular Stagnation in the US Economy?
There's a lot of policy implications if his prediction comes true. It will also mean the Fed has a lower policy rate, which may resurrect fate. The demographic arguments are certainly important, and they should carry some weight. But I wonder if there isn't a certain overemphasis on the demographic situations of the industrial world relative to the rest.
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