Afternoon Must-Read: Paul Krugman: Chastened Exceptionalism
Over at Value Added: Nick Bunker: Weekend Reading

Over at Value Added: Nick Bunker: What to Worry About on the Supply Side

Over at Value Added:

Nick Bunker: What to Worry About on the Supply Side: "The... crisis in 2008 and 2009 caused a massive decline in demand.... Perhaps it is [now] time to consider the potential problems on the supply side of the U.S. economy.... Greg Ip does just that...

...issues with both the growth rate of productivity and the supply of labor... John Fernald... on the lack of new advancements in information technology... Stephen G. Cecchetti... and Enisse Kharroubi... [on the] over-bloated financial sector... Equitable Growth’s Robert Lynch... [on] educational inequality.... Supply and demand aren’t... easily untangled.... With the lack of acceleration of wage growth, the labor market appears to still have some slack.... Short-term considerations can help alleviate our long-run problems.... We can’t forget about the supply-side problems that lurk further downstream. Our future prosperity depends on it.

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