Is economic stagnation the new normal? – Gar Alperovitzla – Op-Ed Los Angeles Times

English: Los Angeles Times building in downtow...

English: Los Angeles Times building in downtown Los Angeles, California (Photo credit: Wikipedia)

This op-ed article by Gar Alperovitzla, published in the LA Times is a recommended read. Check it out!

via Is economic stagnation the new normal? – LA Times.

The article maintains that economic stagnation is likely to be the new norm because the political classes and their sponsors are not prepared to approve large economic stimulus in the Keynesian tradition.

Let me ask an open question:

Why aren’t the working and middle classes demanding large economic stimulus (in the Keynesian tradition)?

Thoughts?

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