Category Archives: Slow Recovery

Desperately Needed:  Reforms to Raise Productivity Growth

The data released this week on labor productivity growth are really terrible. The growth rate has been negative now for three quarters in a row, and it was – .4 percent over the past year. Unfortunately, these data are reinforcing … Continue reading

Posted in Fiscal Policy and Reforms, Regulatory Policy, Slow Recovery

Economic Exasperation Continues

With today’s disappointing GDP release for the second quarter and downward revisions for the previous two quarters, the U.S. economy completes 7 years of economic expansion with a whimper. And with an average annual growth rate of only 2.1 percent … Continue reading

Posted in Slow Recovery

Economic Exasperation

At the end of this quarter, according to most economists, the U.S. economy will have completed 7 years of so-called expansion (28 quarters from 2009Q3 to 2016Q2) with an anemic annual growth rate of 2 percent. I have been writing … Continue reading

Posted in Slow Recovery

The Economic Hokum of Secular Stagnation Redux

Two years ago I published a piece in the Wall Street Journal titled The Economic Hokum of ‘Secular Stagnation.’ I wrote it after Larry Summers presented the secular stagnation view at a joint Brookings-Hoover conference. I argued that the bout … Continue reading

Posted in Slow Recovery

Can We Restart This Recovery All Over Again?

Andy Atkeson, Lee Ohanian and Bill Simon recently published a nicely-reasoned article about why the US economy can acheive 4% growth.  They argue that with the right policies there is “far more room for the economy to rebound today than after … Continue reading

Posted in Slow Recovery

Other Economic Lessons the US Can Learn from Greece

Last week the Senate Foreign Relations Subcommittee on Europe and Regional Security Cooperation held a hearing for which I was asked to address the lessons that the United States can learn from the Greek financial crisis.  One obvious lesson is … Continue reading

Posted in Financial Crisis, Regulatory Policy, Slow Recovery

Growth Accounting for a Liberated Recovery

For several years I’ve argued that economic policy is holding the economy back and that a return to the principles of economic freedom would recreate a fast-growing recovery. It’s the subject of my book First Principles, of blogs and a … Continue reading

Posted in Slow Recovery