01/12/2022
... former OECD chief economist, Catherine Mann was decidedly pessimistic about the long-term future of the US economy. She saw the US as a chronically a low investment and low productivity economy with high inequality and with little prospect of post-COVID of becoming one that is more equal and characterized by higher investment, strong labour markets and better productivity. “What if the boom from policy choices does not catalyze sustained private sector activity, will inflation spiral? If so, policies will need to retrench, leading to a bust.”, she warned.
https://thenextrecession.wordpress.com/2022/01 /12/assa-2022-part-one-the-mainstream/
3 posts published by michael roberts during January 2022