May 27, 2011

Economic Stagnation Explained at 30,000 Ft

Stephen Carter, Bloomberg


AP Photo

The man in the aisle seat is trying to tell me why he refuses to hire anybody. His business is successful, he says, as the 737 cruises smoothly eastward. Demand for his product is up. But he still won’t hire.

“Why not?”

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Related Topics: economy, Yale, Stephen L. Carter, Maxwell Holyoke-Hirsch Stephen, professor of law

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