Mastodawn

Olivier and I are on the same page. Once inflation is tamed — which seems to be happening surprisingly fast — we'll be back in an era of low rates and excess savings https://www.piie.com/blogs/realtime-economics/secular-stagnation-not-over

Is secular stagnation over? I do not think so. Today’s inflation will not last, but I believe that low rates will.

PIIE

He leaves us without his fiscal advice. I suppose we need to wait for the book reviews. But you could tell us … :-)

@pkrugman Do you mean excess saving or excess savings? If the latter, does that = wealth? "Excess" assets or net worth?

@pkrugman so you say somewhat higher inflatuon, combined with moderately higher interest rates, is better?

Was the “inflation “ merely supply-chain snags plus a little anxiety all along?

@pkrugman Is that a Good thing or a Bad thing?