Say what? It’s my suspicion that many, if not most, EVA readers have heard the term secular stagnation without quite fathoming what it means. It could be that the comprehension problem lies in that highfalutin word “secular”.
One of the predictions from last week’s EVA on the economic concept that is suddenly dominating America’s financial discourse—Modern Monetary Theory or MMT—was that it would soon become front page news.
At the beginning of 2018, we initiated a new EVA series titled “Bubble 3.0” with excerpts from David Hay’s upcoming book titled “Bubble 3.0: How Central Banks Created the Next Financial Crisis”.