Very good video from Project Syndicate looking at the recovery of the US economy and if it is sustainable. Also was Trump responsible for the growth or Obama? Maybe Janet Yellen and central bankers with such low interest rates for a long period of time. However if there is another downturn do governments have the tools to grow the economy again? It seems that central banks have run out of ammunition i.e. no room to cut interest rates further. There is agreement that the levels of employment are not sustainable in the future and the focus should be on assisting low wage work and help people prepare for and keep work- ‘reward work’.
- Features Nobel laureates Angus Deaton and Edmund Phelps, along with Barry Eichengreen,
- Rana Foroohar author of ‘Makers and Takers’
- Glenn Hubbard Dean of Columbia Business School