Economic Reveries

The 8% historical growth rate story is unraveling

I find myself slipping into reveries more easily lately, and experiencing more false starts when I do, regardless of what I’m musing about. A reverie can’t be wrong as such, since it is by definition a kind of undirected mind-wandering, but it can still fail in the sense of a false start. Instead of gathering strength and coherence and landing on an int…