What happens if growth is over?
July 12th, 2010Nobody “official” – no country, no established economic research institute, no international organization (such as the IMF) – appears willing to entertain any notion or to publicly discuss scenarios that don’t plan for a return to stable economic (GDP) growth.
But then there’s the non-establishment Institute for Integrated Economic Research – which is unafraid to think the unthinkable.
The IIER suspects the odds of business-as-usual coming to an end are pretty high.
Nate Hagens at The Oil Drum: Campfire suggests it might be entertaining and perhaps even enlightening to begin asking our politicians, what will you do if growth is over?