Still decoding the economic secular stagnation

But DeLong gives it a good effort: What Market Failures Underlie Our Fears of "Secular Stagnation"?

He covers the various iterations from Larry Summers about why are are in a consistent decline. He discovers the problem and solution are yet to be found. We are still stuck, why the persistent decline, who is to blame and how can we locate and imprison the culprits.
¿Quién diablos es larry Summers y por qué él está organizando la política gubernamental de California?

Of course they will all fail to look at California, the likely problem.