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A lot of the comments are not pure economics but that does not mean that they are not relevant to economic issues.
Aug 06 07:05 am
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All Comments by mplaut »Dave's Top 10 Reasons This Recession Will Last Forever [View article]
The points are well-taken, but they may only mean that there will be a "new normal" of slow growth - more like Europe than the US in recent times. So what? Why is that a problem?
A lot of Europeans are happy with their lives. Why do we have to have 5% growth to be happy? With the kind of wealth that we already have, it should not be too hard to learn to live and be happy with 1-2% growth.