It’s been a loooong time since I’ve posted here, but this quote is just too good to pass up:
“It’s plain to see there’s a ton of slack in the economy,” said [Jan Hatzius of Goldman Sachs]. “We’re not managing to generate enough demand to absorb all these
productive resources in the economy.”
This comes from a Times article featuring two economists with different points of view about where the economy is headed. It’s no surprise that the Gen Xer (although I’m sure Mr. Hatzius would reject that moniker) is much more pessimistic than the Boomer. Regardless, the fact that Slackonomics is still relevant two years after publication. Buy it here cheap!