In other words, the economy can’t recover on its own, and if it doesn’t soon it might never be able to. We need more inflation, more infrastructure spending, and less tut-tutting about the deficit that, unlike our anemic recovery, isn’t an urgent problem. We need to realize that just waiting for catchup growth is the new waiting for Godot — and we can’t afford for it to not show up.

—Matt O’Brien
This Is Why the Economy Has Fallen and It Can’t Get Up