Thursday, December 8, 2016

Brad DeLong — Will the U.S. Economy Boom Over the Next Four Years?

The very sharp Ken Rogoff predicts a boom over the next four years: "The biggest missing piece... is business investment, and if it starts kicking in... output and productivity could begin to rise very sharply.... You don’t have to be a nice guy to get the economy going.... It is far more likely that after years of slow recovery, the US economy might at last be ready to move significantly faster..."
I really can't see it as likely.
Grasping Reality
Will the U.S. Economy Boom Over the Next Four Years?
Brad DeLong | Professor of Economics, UCAL Berkeley

3 comments:

Michael Norman said...

Totally, TOTALLY, agree with Brad DeLong.

Auburn Parks said...

the "very sharp Ken Rogoff"

Are you F$%^ing kidding me?

The same Rogoff who doesnt know the difference between fixed exchange rate regimes and nonconvertible fiat?

Matt Franko said...

Auburn ha you beat me to it...

Rogoff Mr Microsoft Excel...

He's a big chess player... ie rote learner... game never changes...