Friday, February 21, 2014

Normal Will Return

The other thing our rulers did - even the good ones! - was assume that after a brief period of pain, everything would pretty much get back to normal. So we had pivot to the deficit, Recovery Summers, endless rounds of Green Shoots, etc. They're still doing that, basically, though I don't know how that imagined "normal" will return for people deeply in debt after years of underemployment, even if the job market and wages improve.