What is secular stagnation?

Chris Farrell
Chris Farrell

There's an ongoing debate about whether or not America is in a state of secular stagnation. What does that mean? What's the current state of the American economy? How does it all relate to daily life?

"Secular slump" has nothing to do with religion: It's an economic term that originated in the 1930s that has been the subject of energetic debate between economists like Ben Bernanke and Larry Summers.

Secular stagnation may be trouble for the jobs we have and the communities we live in.

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