Pessimism, Stagnation, and Politics

by Don Boudreaux on February 6, 2011

in Growth, Myths and Fallacies, Standard of Living

Over at EconLog, Bryan Caplan asks why free-market types resist the stagnation thesis.

I myself have long argued that there’s no obvious ideological reason for free-market types to reject the stagnation thesis, at least as far as it allegedly applies to the U.S. since the early 1970s.  See the second half of this post from 2008.


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