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Some thoughts about secular stagnation | 107 comments (107 topical, editorial, 0 hidden)
Re: use savings glut to finance public investment (none / 0)
And unfunded direct public spending is a LOT easier to pass than increasing taxes on the wealthy. Which would the wealthy prefer? Oh, for New Deal attitudes about marginal tax rates.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Nov 25th, 2013 at 08:19:47 PM EST
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Some thoughts about secular stagnation | 107 comments (107 topical, 0 editorial, 0 hidden)
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