Reply #36: Thought for Our Times [View All]

[Demeter]

The science fiction writer, William Gibson, likes to say: "The future is already here--it is just unevenly distributed."

Likewise, the economic recovery has already started. But its distribution will be highly uneven.

In my opinion, the distributional effects of this recovery will ultimately determine its sustainability. If policymakers don't figure out ways to counterbalance these uneven distributional effects, we risk heading into a protracted period of subpar growth.

http://www.nakedcapitalism.com/2009/05/guest-post-incredibly-uneven-recovery.html

The Incredibly Uneven Recovery? by Leo Kolivakis, publisher of Pension Pulse.