Re: Output Gap Trap escape doubtful as BEA revises GDP down, again
Originally Posted by EJ
What our economic policy makers need is an external driver for policies that produce both an output surplus and politically justifiable inflation.
So, why not try some new thinking; already set out in a detailed plan; in part, built upon the long term debate created here on iTuilip? I must add that I keep getting invited to seminars and people seem to both understand the principles and support what I have proposed. http://www.chriscoles.com/page5b.html a simple plan designed to create 30 million new jobs through the creation of ~ 6 million new very small enterprises that, applied to the US would inject $2.25T entirely through new job creation.
With frequent visits to seminars in London, it is only recently that I have started to catch up with my visit to the OECD Forum 2014 meeting where I did get to talk to a lot of people and where, in one of the largest sessions, Economic Outlook Debate, I got to my feet and made a short speech before asking my question. You will find it here http://webcastcdn.viewontv.com/clien...2014_blue.html
If you move the slider to 1:08:00 you will be able to watch the start of the questions from the audience, and I come into view at about 1:11:00. I must add that as you can see, they had a camera full on to me rather than from behind. (Indeed, it was turned towards me for some time as I kept my hand in the air for a very long time to get myself noticed).
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