Category: stagnation

The politics of paralysed puppets

March 28, 2017 0

Globalisation didn’t force States to implement divisive public policies which have exacerbated inequalities and jammed the social ladder. The choice made by our successive governments to enact massive deregulation was deliberate, leaving the market as the sole arbiter of individual liberties and as the only generator of wealth and opportunity, albeit too often a source…

By Michel Santi

Choose your poison

April 7, 2016 0

“The essence of secular stagnation: sick recoveries which die in their infancy and depressions which feed on themselves and leave a hard and seemingly immovable core of unemployment.” It is in these terms that the father of secular stagnation, Alvin Hansen, described to the American Economic Association the economic climate of 1938…which could just as…

By Michel Santi