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Casey Mulligan: Trump Proved the Stagnationists Wrong


The Obama-era idea that the economy was stuck in a cycle of low or no growth hit an iceberg in 2017. Janet Yellen had a puzzle on her hands in 2017. The economy was growing at the same time that something was dragging down inflation. The Federal Reserve’s statisticians dug into it and found “a large decline in telecommunication service

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Posted: January 5, 2021 Tuesday 01:09 PM