Ryan Avent: Secular stagnation: The second best solution: Larry Summers has revived discussion in the ‘secular stagnation’ hypothesis. Income has become concentrated in… groups… with low propensities to [spend]… generat[ing] excess saving…. [One solution] is to raise inflation expectations in order to reduce real… interest rates…. Mr Summers’ preferred course of action…. It is a … Continue reading Morning Must-Read: Ways Out of Secular Stagnation