Keynes Is Dead, Abenomics Fizzles, US Fails to Reach Escape Velocity, Stimulus Fatigue
MishTalk
JANUARY 21, 2014
Holding down costs of non-tradeables like housing, health care and education is the key to economic competitiveness and sustainable growth. The 2008 crisis prompted a pause. In the decade before the 2008 financial crisis, trade was driving growth. It increases growth potential through higher efficiency.
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