There’s a Devastatingly Simple Explanation for America’s Economic Mess

Washington Post: “According to provocative new research from Fed economists, there might be a simple explanation for the slow growth — and there might not have been much policymakers could have done about it. If the new explanation is true, it might also explain why efforts to boost economic growth — including trillions of dollars in monetary stimulus and near-zero interest rates — haven’t worked that well.”

“In a new paper, the Fed economists argue that America’s slow economic growth and low interest rates might have been largely inevitable — and they might not have much to do with the 2008 financial crisis at all. Their main culprit: demographics.”

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