SMP: The Great Stagnation

Post en Sound Money Project sobre los comentarios de Ben Bernanke respecto a la tesis de la Great Stagnation

Ben Bernanke, now at Brookings Institute, has a new blog where he has been discussing low interest rates and the problem of secular stagnation. Great stagnation occurs when there are plenty of savings, but not investment options. Therefore, savings are not invested, aggregate demand weakens, and the economy stagnates.

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