Paul KrugmanJan 24, 2023
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
Secular stagnation is 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
Show threadAsymptosis
@pkrugman Do you mean excess saving or excess savings? If the latter, does that = wealth? "Excess" assets or net worth?
Jan 24, 2023 at 5:57pmWeb