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Yglesias on the Great Stagnation

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[unable to retrieve full-text content]Matt Yglesias didn’t use the term “great stagnation”. Nor did he draw any parallels between the following four tweets. But it’s hard not to notice when within 60 minutes a well known progressive points to four areas of stagnation, at least three of which can be blamed on progressives: The “status quo” bias that Yglesias […]

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Matt Yglesias didn’t use the term “great stagnation”. Nor did he draw any parallels between the following four tweets. But it’s hard not to notice when within 60 minutes a well known progressive points to four areas of stagnation, at least three of which can be blamed on progressives: The “status quo” bias that Yglesias […]
Scott Sumner
Scott B. Sumner is Research Fellow at the Independent Institute, the Director of the Program on Monetary Policy at the Mercatus Center at George Mason University and an economist who teaches at Bentley University in Waltham, Massachusetts. His economics blog, The Money Illusion, popularized the idea of nominal GDP targeting, which says that the Fed should target nominal GDP—i.e., real GDP growth plus the rate of inflation—to better "induce the correct level of business investment".

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