"Today, secular stagnation should be viewed as a contingency to be insured against – not a fate to which we ought to be resigned," he writes.
What happened? One month we have the stagnititis and now we are cured? I think the party thought police had a talk with the man. But its too late, for we now have some plausible evidence that QE causes deflation and increases inequality. So we are gonna get more thought police.
Who are the thought police protecting? The two big Democratic states, New York. Both are begging for goodies from DC. Problem is, the two big Democratic states are likely causing the stagnititis.
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