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Is Trump's dream of an ongoing solid rate US economic growth just a pipe dream (without robbing from our children via deficit ballooning tax cuts and via reductions in science based regulation of pollutants and toxins)? Won't encouraging legal youthful immigration help us to achieve this dream?Just when we thought we were out, global deflationary forces have pulled us back in.
.....what the last few months have made clear is that the forces that have held back the global economy for the last 11 years are not temporary, and have not gone away. And that, in turn, makes the world uncommonly vulnerable to a bout of bad luck or bad policy.
The low-growth world was not just a phase. It’s the new reality beneath every macroeconomic question and debate for the foreseeable future.
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