Tag Archives: stagnation

One True Measure of Stagnation: Not in the Labor Force

Heroic efforts are being made to cloak the stagnation of the U.S. economy. One of these is to shift the unemployed work force from the negative-sounding jobless category to the benign-sounding Not in the Labor Force (NILF) category. But re-labeling stagnation … Continue reading

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One Word Defines This Era: Stagnation

Beneath the surface PR of progress, the operant dynamic of this era is stagnation. Cheerleaders of progress have a few unalloyed wins in the past 15 years–battles won against diseases, for example–and a general increase in living standards among the … Continue reading

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Anatomy of a Failing State: Japan’s Budgetary Nightmare

Once the global economy rolls over into contraction, the tide will recede and Japan’s fiscal and monetary bankruptcy will become painfully apparent. What do you get after 25 years of stagnation and Keynesian Cargo Cult monetary stimulus? A failing state, … Continue reading

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The Critical Difference Between Rentier Wealth and Wealth Creation

If you want to understand why our economy is stagnating and wealth inequality is rising, look at the rise of rentier skims and the resulting decline in wealth creation. To understand why the real economy is stagnating, we have to … Continue reading

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What Happens After the Low-Hanging Fruit Has Been Picked?

Right now China is at the top of the S-Curve, and the problems of stagnation are still ahead. What happens after all the low-hanging fruit has been picked? We can phrase the same question using a different analogy: what happens when … Continue reading

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