Vox Article: Silly Slow-Growth Speculation Avoids Central Bank Blame

by Daily Bell Staff
The Daily Bell

The big puzzle in economics today: why is the economy growing so slowly? … The growth of the US economy keeps falling short of expectations. On Friday, we learned that the US economy grew at an inflation-adjusted rate of 1 percent in the first half of 2016. That’s the slowest six-month growth rate since 2012, and it continues the slow growth that has characterized the recovery since 2009. So what’s going on? – Vox

Vox has published a longish analysis of reasons why the US economy is growing so slowly.

Of course, we don’t think the economy is growing at all. The US is in a depression.

The article doesn’t characterize the economy that way. Instead, it cites detailed reasons for slow growth. But it never addresses the real reason the US economy is dysfunctional.

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