Do you remember the economy of the late 1990s? Or if you’re too young to remember it – I hope that’s true for at least some of my readers – what have you heard about it?
You probably remember it as a time of prosperity – low unemployment and rapid economic growth combined with low inflation – marred by irrational exuberance in the sharemarket. Pets.com anyone?
Loading...
Paul Krugman is a New York Times columnist and Nobel Prize winning economist.
