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If the Fed succeeds in significantly raising rates over the next two years without a growth slowdown and if inflation accelerates to 2percentt, I will conclude that the secular stagnation hypothesis was overly alarmist in confusing cyclical elements with long term problems.
Chronic constipation is associated with long term problems including megarectum, reduced sensitivity of the rectum to the presence of faeces, and abnormal gut motility.
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A variety of treatments, mental health professionals said, can help people with immediate distress and with long-term problems.
"A number of cities and counties around the country with long-term problems have found themselves pushed over the edge by the recession and its lingering aftermath.
Human beings have a hard time dealing not just with pain, but also with long-term problems, especially ones that don't necessarily show immediate effects.
The worst effect of focusing on supposedly deficient demand is that it lulls us into failing to "think structural" in dealing with long-term problems.
"Americans are just about the worst at dealing with long-term problems, down there with Uzbekistan, but they respond to a market signal better than almost anyone.
If investors decide that we're a banana republic whose politicians can't or won't come to grips with long-term problems, they will indeed stop buying our debt.
They don't have the tools". Governments are asking so much of central banks in part because of their reluctance to deal with long-term problems related to issues such as budgets, demographic changes and health care costs.
And Edmund Phelps, a Nobel prize-winning economist at Columbia University, worries that the focus on deficient demand "lulls us into failing to 'think structural' in dealing with long-term problems".
Ninety per cent of hospital admissions related to alcohol are not weekend binge-drinkers but individuals with long-term problems caused by chronic consumption, such as cirrhosis of the liver.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com