IDEAS home Printed from https://ideas.repec.org/a/pal/buseco/v54y2019i2d10.1057_s11369-019-00125-8.html
   My bibliography  Save this article

Forces engendering the long-term economic outlook

Author

Listed:
  • Alan Greenspan

    (Greenspan Associates LLC)

Abstract

The growth of entitlements has weighed on domestic saving, and foreign borrowing is now a very large source of funding for domestic investment. If foreign capital flows slow, and domestic saving continues to be crowded out by entitlements, there would be serious consequences for investment and productivity, even though the recent figures on output per hour are a little better. The growth of populist sentiment has hampered the ability of our political system to handle important issues such as tackling entitlements. There is no precedent, in Western civilization, where you can expand the money supply as much as going to be necessary to fund this deficit, without engendering inflation. In the very near term, though, the near-term outlook for capital investment is favorable.

Suggested Citation

  • Alan Greenspan, 2019. "Forces engendering the long-term economic outlook," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 54(2), pages 105-107, April.
    • Handle: RePEc:pal:buseco:v:54:y:2019:i:2:d:10.1057_s11369-019-00125-8
    DOI: 10.1057/s11369-019-00125-8
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/s11369-019-00125-8
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1057/s11369-019-00125-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:buseco:v:54:y:2019:i:2:d:10.1057_s11369-019-00125-8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.