The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
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The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
During the current cycle, a great deal of money was made that flowed to the class that used it for investing rather than consumption. That was the intent, and it worked, producing even more wealth. That money needs to be invested. However, as the decline in start-ups shows, it has become harder to find places to invest.
Seriously. In part that’s because the economics of the twentieth century was overwhelmingly about how best to share existing “pies” of human well-being, rather than how