Secular Stagnation

The global economy appears to be stuck in a pattern of low growth, low inflation and unresolved debt burdens. Is this a result of policy mistakes, or have the fundamental dynamics of the economy shifted into an era of little or no growth known as secular stagnation?

The Dangers of Financialization

The financial system no longer funds new ideas and projects — only about 15 percent of the money coming out of financial institutions goes into business investment; the rest is spent buying and selling existing financial instruments. Watch the video

Escaping The Addiction to Private Debt Is Essential for Long-Term Economic Stability

Inflation targeting insufficient: central banks and governments must manage the quantity and mix of credit created Read more