tag:blogger.com,1999:blog-2761684730989137546.post5720570907424354620..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Thomas Palley — Explaining Stagnation: Why it Mattersmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-47560821136290287452014-02-26T12:32:29.660-05:002014-02-26T12:32:29.660-05:00I just love the 2nd sentence of Palley’s article. ...I just love the 2nd sentence of Palley’s article. Referring to Krugman and Summers he says, “Given that they are giants in today’s economic policy conversation…”<br /><br />Hilarious. Summers, to judge by his daft “secular stagnation” theory is the biggest twit on the face of planet Earth. However, in fairness he has now partially withdrawn his “inevitable stagnation” idea, and has now produced an amazing new cure for the problem, namely raising demand (see link below). Well – doh – the rest of us would never have worked that out.<br /><br />Next thing Larry Summers will be telling us that grass is green or water is wet.<br /><br />http://www.washingtonpost.com/opinions/lawrence-summers-strategies-for-sustainable-growth/2014/01/05/9143313c-74b9-11e3-8b3f-b1666705ca3b_story.html<br /><br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com