Paul Krugman: Secular Stagnation Arithmetic: The key point is NOT to focus on events since crisis struck; this is not a case of taking a business-cycle slump and imagining that it will last forever. Instead, the argument is that the sources of demand during the good years-the Great Moderation from 1985-2007–are not going to be … Continue reading Sunday-Morning Must Read: Paul Krugman on the Arithmetic of “Secular Stagnation”