{"id":13981,"date":"2016-08-15T20:11:14","date_gmt":"2016-08-16T00:11:14","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=13981"},"modified":"2016-08-15T20:11:14","modified_gmt":"2016-08-16T00:11:14","slug":"economists-turn-a-blind-eye-to-historical-data-bloomberg-view","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/","title":{"rendered":"Economists Turn a Blind Eye to Historical Data | Bloomberg View"},"content":{"rendered":"<p><a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2016-08-01\/economists-turn-a-blind-eye-to-historical-data\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg?w=525&#038;ssl=1\" alt=\"\" \/><\/a><\/p>\n<p>Barry Ritholz explains where many economists are going wrong when comparing the current recovery to previous recessions:<\/p>\n<blockquote><p>\nWhy are so many economists, journalists and asset managers using the wrong history for their analysis? In a word: context. As I have been pointing out for nearly a decade (see here, here and here), most are looking at the wrong data set to analyze and compare this recovery to prior ones, using post-World War II recession recoveries as their frame of reference. The proper frame of reference, as Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University explained in 2008, are debt-induced financial crises&#8230;..<\/p>\n<p>Why is there such a difference between economic recoveries? The defining characteristic of any recovery from a credit crisis is ongoing debt deleveraging, meaning that households, companies and governments are primarily using any economic gains in income or borrowing costs to reduce their debt. Low rates are not being used to buy homes, but rather to refinance existing obligations. Hence, the entire current post-crisis period has seen only mediocre retail sales gains and slow GDP growth. Reinhart and Rogoff observed that, while rarer, post-credit-crisis recoveries are weaker, more protracted and much more painful.<\/p><\/blockquote>\n<p>There is normally only one credit crisis per generation. They take a long time to fade from memory. And recoveries are slow and protracted. Which is why we should insist that steps are taken to prevent rapid debt growth and a long-term repeat of the 2008 disaster. Increasing bank capital requirements and targeting nominal GDP growth (as suggested by <a href=\"https:\/\/goldstocksforex.com\/2016\/07\/12\/the-italian-bank-crisis-the-one-graph-version-the-market-monetarist\/\">market monetarists<\/a>) are two important bulwarks against future credit crises.<\/p>\n<p>Source: <a href=\"http:\/\/www.bloomberg.com\/view\/articles\/2016-08-01\/economists-turn-a-blind-eye-to-historical-data\">Economists Turn a Blind Eye to Historical Data &#8211; Bloomberg View<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barry Ritholz explains where many economists are going wrong when comparing the current recovery to previous recessions: Why are so many economists, journalists and asset managers using the wrong history for their analysis? In a word: context. As I have been pointing out for nearly a decade (see here, here and here), most are looking &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Economists Turn a Blind Eye to Historical Data | Bloomberg View&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-13981","post","type-post","status-publish","format-standard","hentry","category-stock-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economists Turn a Blind Eye to Historical Data | Bloomberg View - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economists Turn a Blind Eye to Historical Data | Bloomberg View - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Barry Ritholz explains where many economists are going wrong when comparing the current recovery to previous recessions: Why are so many economists, journalists and asset managers using the wrong history for their analysis? In a word: context. As I have been pointing out for nearly a decade (see here, here and here), most are looking &hellip; Continue reading &quot;Economists Turn a Blind Eye to Historical Data | Bloomberg View&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-16T00:11:14+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Economists Turn a Blind Eye to Historical Data | Bloomberg View\",\"datePublished\":\"2016-08-16T00:11:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/\"},\"wordCount\":288,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg\",\"articleSection\":[\"Stock Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/\",\"name\":\"Economists Turn a Blind Eye to Historical Data | Bloomberg View - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg\",\"datePublished\":\"2016-08-16T00:11:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg?fit=1200%2C796&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg?fit=1200%2C796&ssl=1\",\"width\":1200,\"height\":796},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economists Turn a Blind Eye to Historical Data | Bloomberg View\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thepatientinvestor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\",\"name\":\"ColinTwiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g\",\"caption\":\"ColinTwiggs\"},\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economists Turn a Blind Eye to Historical Data | Bloomberg View - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Economists Turn a Blind Eye to Historical Data | Bloomberg View - the patient investor","og_description":"Barry Ritholz explains where many economists are going wrong when comparing the current recovery to previous recessions: Why are so many economists, journalists and asset managers using the wrong history for their analysis? In a word: context. As I have been pointing out for nearly a decade (see here, here and here), most are looking &hellip; Continue reading \"Economists Turn a Blind Eye to Historical Data | Bloomberg View\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_published_time":"2016-08-16T00:11:14+00:00","og_image":[{"url":"http:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg","type":"","width":"","height":""}],"author":"ColinTwiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ColinTwiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/"},"author":{"name":"ColinTwiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5"},"headline":"Economists Turn a Blind Eye to Historical Data | Bloomberg View","datePublished":"2016-08-16T00:11:14+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/"},"wordCount":288,"commentCount":2,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#primaryimage"},"thumbnailUrl":"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg","articleSection":["Stock Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/","name":"Economists Turn a Blind Eye to Historical Data | Bloomberg View - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#primaryimage"},"thumbnailUrl":"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg","datePublished":"2016-08-16T00:11:14+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#primaryimage","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg?fit=1200%2C796&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/08\/1200x-1.jpg?fit=1200%2C796&ssl=1","width":1200,"height":796},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/15\/economists-turn-a-blind-eye-to-historical-data-bloomberg-view\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Economists Turn a Blind Eye to Historical Data | Bloomberg View"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-3Dv","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":1194,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/americas-debt-crisis-why-europe-is-right-and-obama-is-wrong-spiegel-online\/","url_meta":{"origin":13981,"position":0},"title":"America&#8217;s Debt Crisis: Why Europe Is Right and Obama Is Wrong &#8211; SPIEGEL ONLINE","author":"ColinTwiggs","date":"October 6, 2011","format":false,"excerpt":"American economists, central bankers and fiscal policy makers have reinterpreted British economist John Maynard Keynes's clever idea that government spending is the best way to counteract a serious economic downturn -- and have turned it into a permanent prescription. In their version of the Keynesian theory, declining growth or tumbling\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4776,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/06\/economists-react-how-likely-is-qe3-following-jobs-data-wsj\/","url_meta":{"origin":13981,"position":1},"title":"Economists React: How Likely Is QE3 Following Jobs Data? &#8211; WSJ","author":"Colin Twiggs","date":"July 6, 2012","format":false,"excerpt":"CAPITAL ECONOMICS: QE3 will depend on second-quarter GDP and July\u2019s ISM data because the jobs report was not bad enough to make QE3 \u201ca done deal.\u201d Both GDP and ISM numbers will be released just ahead of the Fed\u2019s next policy meeting. via Economists React: How Likely Is QE3 Following\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7548,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/24\/the-grave-evil-of-unemployment-bryan-caplan-econlog-library-of-economics-and-liberty\/","url_meta":{"origin":13981,"position":2},"title":"The Grave Evil of Unemployment, Bryan Caplan | EconLog | Library of Economics and Liberty","author":"ColinTwiggs","date":"April 24, 2013","format":false,"excerpt":"Bryan Caplan makes the case for a fresh approach from free-market economists: At the level of high theory, free-market economists love market-clearing models. If there's surplus wheat, the price of wheat will fall to clear the market. If there's surplus labor, similarly, the wage will fall to eliminate unemployment. What\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10610,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/08\/15\/secular-stagnation\/","url_meta":{"origin":13981,"position":3},"title":"Secular stagnation?","author":"ColinTwiggs","date":"August 15, 2014","format":false,"excerpt":"Economic recovery after the Great Recession has been disappointing. Employment levels remain low. Official unemployment figures ignore the declining participation rate. Employment levels, in the 25 to 54 age group, for males remain roughly 6%, and females 5%, below their previous peaks. Using the 25 to 54 age group eliminates\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Employment levels","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-16-employment.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-16-employment.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-16-employment.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13734,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/08\/16\/secular-stagnation-2\/","url_meta":{"origin":13981,"position":4},"title":"Secular stagnation?","author":"ColinTwiggs","date":"August 16, 2014","format":false,"excerpt":"Economic recovery after the Great Recession has been disappointing. Employment levels remain low. Official unemployment figures ignore the declining participation rate. Employment levels, in the 25 to 54 age group, for males remain roughly 6%, and females 5%, below their previous peaks. Using the 25 to 54 age group eliminates\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"Employment levels","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-16-employment.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-16-employment.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-16-employment.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":14450,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/11\/08\/gittins-forget-growth-aim-for-quality-of-life-macrobusiness\/","url_meta":{"origin":13981,"position":5},"title":"Gittins: forget growth, aim for quality of life | Macrobusiness","author":"ColinTwiggs","date":"November 8, 2016","format":false,"excerpt":"By Leith van Onselen Published with kind permission by Macrobusiness Fairfax\u2019s Ross Gittins has penned a good article questioning the economics profession\u2019s infatuation with growth and calling for policy makers to focus on quality and raising living standards instead: Most economists I know never doubt that a growing economy is\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/11\/55f7d-922926897.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/11\/55f7d-922926897.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/11\/55f7d-922926897.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/11\/55f7d-922926897.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/11\/55f7d-922926897.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=13981"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13981\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=13981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=13981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=13981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}