To day or not to day #134. Fear of endless stagnation of the economy in the United States and Europe is unjustified. We do not want to accept that recovery from financial crisis takes time and are trying to force demand.
There is no reason to expect that in coming decades increased productivity in western world suddenly would disappear.
Source: Het Financieele Dagblad, Saturday 23 August, 2014 Essay by Sylvester Eijffinger and Lex Hoogduin.