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It's inadequate demand, it's consumers feeling funky.
But the underlying disease, of woefully inadequate demand, was never addressed.
It looks like this: Maybe nothing structural has changed, and it's just inadequate demand?
And the main reason businesses aren't investing more is inadequate demand.
And now, when our continuing economic crisis is so palpably being driven by inadequate demand, it's bogus than ever.
But here's the problem: the clear and present danger to Japan's economy is not inefficiency but inadequate demand.
The argument that the economy is currently being held back by inadequate demand isn't controversial at least, it shouldn't be.
On the contrary, all the facts suggest that high unemployment in America is the result of inadequate demand — full stop.
I don't know how that is inconsistent with an environment of inadequate demand and high productivity growth.
The argument that the economy is currently being held back by inadequate demand isn't controversial — at least, it shouldn't be.
Lazear goes through the data, and finds overwhelming evidence of inadequate demand, little if any evidence of structural problems.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com