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Long term economic issues (US)
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4/20/2014 9:22:45 PM Posted: 3 years ago Hi all.
I just wanted to discuss some long term economic issues. Not simply unemployment or weak growth, but persistent issues, like the ones below. IMHO, here are some of the biggest ones: Declining labor force participation rate: http://research.stlouisfed.org... Low velocity of money: http://research.stlouisfed.org...= High real unemployment rate (U6): http://research.stlouisfed.org...= High output gap (RGDP - RPGDP): http://research.stlouisfed.org...= Which other issues do you think are especially pressing? Their causes? Solutions? |
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4/20/2014 9:28:01 PM Posted: 3 years ago I honestly see the problems you listed as very short-term problems -- short-term, as in, we need to address them now because failure to do so would undermine the long run. The long-term problems, as I see it, have to do largely with debt and structural reform; for instance, I'm a big fan of Social Security, know that it's solvent until 2037, etc., but want it to be solvent forever, so I'd want to lift the cap so that it is. That could even be a short-term fix, to be perfectly.
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