Monday, February 16, 2009

A Little Economic Cheer

Will the United States face a decades long slump, or a prolonged period of stagnation?

Robert Samuelson and Paul Krugman think its possible.

Krugman provides evidence that there has been no substantive growth at all since 2000. What appears to have been growth was simply a rise in the value in stocks and housing that has since evaporated.