{"id":493996,"date":"2010-03-31T15:14:46","date_gmt":"2010-03-31T19:14:46","guid":{"rendered":"http:\/\/blogs.reuters.com\/james-pethokoukis\/?p=3582"},"modified":"2010-03-31T15:14:46","modified_gmt":"2010-03-31T19:14:46","slug":"preventing-the-great-stagnation","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/493996","title":{"rendered":"Preventing the Great Stagnation"},"content":{"rendered":"<p>David Gitlitz, chief economist at High View Economics, has a thought or two about my <a href=\"http:\/\/blogs.reuters.com\/james-pethokoukis\/2010\/03\/31\/obama-and-americas-20-year-bust\/\">&#8220;20-year bust&#8221;<\/a> post:<\/p>\n<blockquote>\n<p>Gordon is very good in his areas of expertise, but you&#8217;re right to point out that there&#8217;s nothing predetermined about this. Enacting full bore Obanomics would make even Gordon&#8217;s outlook look like a day at the beach. On the other hand, adopting a supply-side, free-market growth strategy would put in place the incentives to reinvigorate entrepreneurship and innovation and put us on track to restore at least the historical trend rate of productivity growth.<\/p>\n<\/blockquote>\n<p>Me: Markets have a funny way of driving policy. A high-debt, high-tax, high-regulation economy would not be good for the dollar, bonds or stocks. And while we are on the topic, an interesting post from the great\u00a0<a href=\"http:\/\/kudlowsmoneypolitics.blogspot.com\/2010\/03\/tax-hike-assault.html\">Larry Kudlow<\/a> on where taxes are heading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Gitlitz, chief economist at High View Economics, has a thought or two about my &#8220;20-year bust&#8221; post: Gordon is very good in his areas of expertise, but you&#8217;re right to point out that there&#8217;s nothing predetermined about this. Enacting full bore Obanomics would make even Gordon&#8217;s outlook look like a day at the beach. [&hellip;]<\/p>\n","protected":false},"author":1063,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-493996","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/493996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1063"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=493996"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/493996\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=493996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=493996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=493996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}