Galbraith & Palley on big US growth numbers despite longer-term weaknesses
The US grew at the fastest six-month pace for at least a decade. Edward Harrison weighs in. James Galbraith, professor of economics at the University of Texas in Austin and author of ‘The End of Normal’, tells us what encouraged him to write his new book and gives us his take on why longer-term weaknesses in the US growth model may mean secular stagnation. Thomas Palley, Washington, DC, economist and research associate at the Economic Policy Institute, reveals how he thinks the US economy is doing and gives us his take on wage growth and income inequality. And in the Big Deal, Erin and Edward talk about robots and artificial intelligence and about technology as critical to wage stagnation.
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