DeanBaker13Jan 21, 2023
more on debts, deficits and the which way is up problem in economics https://cepr.net/debt-deficits-secular-stagnation-and-the-which-way-is-up-problem-in-economics/
Debt, Deficits, Secular Stagnation and the Which Way Is Up Problem in Economics

The economy can have a problem of too much demand, leading to serious inflationary pressures. It can also have a problem of too little demand, leading to slow growth and unemployment. But can it have both at the same time? Apparently, the leading lights in economic policy circles seem to think so. As I noted […]

Center for Economic and Policy Research
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@DeanBaker13 Another good analysis, but "too few workers" because of retirements is a problem of insufficient supply, not a problem of excess demand, right? Retirement doesn't boost consumption, but it can decrease worker-supplied consumables. Related, asking retirees to eat less is a Bowles-Simpson non-solution. Econ questions often seem improperly framed.
Jan 21, 2023 at 11:30pmWeb