Waiting for Recovery Is Like Waiting for Godot

Matt O'BrienIn 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

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