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2016-07-20

Wolf: The remedies they /Trump Le Pen/ offer are bogus. But the illnesses are real.

Real income stagnation over a longer period than any since the war is a fundamental political fact

If governing elites continue to fail to offer convincing cures, they might soon be swept away and, with them, the effort to marry democratic self-government with an open and co-operative world order.

Martin Wolf FT  19 July 2016


What is the “stall speed” of an economy?
Unemployment tends to rise when GDP growth falls below about 2.5-3 per cent
Gavyn Davies blog June 15, 2011

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