Secular Stagnation

The basic economic problem facing capitalism is its ability to increase production far exceeds its ability to expand the market.

How do markets grow?

Why was there a post-war boom?

Why has performance been relatively poor since 1968?

What is the cause of the business cycle?
Policy mistakes by central banks?
Periods of excessive optimism, followed by periods of excessive pessimism (Keynesian subjective ‘animal spirits’)?

 

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