Aug 02, 2013 at 1:28 pm
On the NYT’s Economix blog–An Economy Stuck in Second Gear. Really, in between first and second right now, but you’ll see what I mean.
BTW, I read that only 7% of new cars have manual transmissions, so clearly I need to start mining for a new analogy. Though this one has so much going for it beyond where I went in the linked post above. EG, as a commenter astutely notes, we’re stuck in low gears because Congressional R’s are hitting the brakes.
Then there’s the inequality dimension I introduced in a post the other day:
We may shift into higher gears, but if we’re zipping along through gated neighborhoods in a Ferrari with no passengers from the bottom 99%, we’ll still be in trouble.
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