Yes the average real rate has been 2% over this 70 period. But note there is a general consensus that real interest rates since the Great Recession are significantly lower than real rates before 2009 – whether we measure this in US$, Euros. yen, pounds. etc. ASFebruary 9, 2022 at 10:...
The only long-term structural “solution” is a reduction of debt to wages and GDP of at least 30% and the commencement of a demand-side regime in which labor’s share of GDP rises against capital’s share, but most particularly financial capital’s share of GDP...