Something went wrong with the previous link, my apologies.This...

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    Something went wrong with the previous link, my apologies.

    This time I have also included a link to secular stagnation.

    "The term secular stagnation refers to a market economy with a chronic (secular or long-term) lack of demand. Historically, a booming economy with low unemployment and high GDP growth (i.e., an economy at or above capacity) would generate inflation in wages and products. However, an economy facing secular stagnation behaves as if it is operating below capacity, even when the economy appears to be booming; inflation does not appear. In a healthy economy, if household savings exceed business investments, interest rates fall; lower interest rates stimulate spending and investment, which bring savings and investments into balance. However, an economy facing secular stagnation may require an interest rate below zero to bring savings and investment into balance. "

    https://www.bnnbloomberg.ca/company-news/video/this-is-helicopter-money-trump-pushes-for-us-1-2t-in-stimulus-amid-covid-19-outbreak~1923824

    Secular stagnation - Wikipedia



 
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