Can Robert Samuelson Say "Trade Deficit?"

It seems that he can't. In his column today on finding a word for the continuing downturn he tells readers:


"Why? Unlike Hansen, today’s stagnationists haven’t identified causes [of secular stagnation]. The problem might not be a dearth of investments so much as a surplus of risk aversion. For that, candidates abound: the traumatic impact of the Great Recession on confidence; a backlash against globalization, reduced cross-border investments by multinational firms; uncertain government polici...

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Published on December 02, 2013 02:49
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