General Discussion

Krugman is quite guarded and for good reason, the underlying structural faults have not been corrected nor have miscreants and villains been held to account, in fact they have largely been greatly enriched.

I'm not sure we even have a baseline anymore, the economy was garbage for most before the fall 08 meltdown, the real economy that operates on a sliver of the resources of the total economy has been in decline for a generation or more.

The overall growth isn't super significant if you factor in the resource constriction to the majority of the people. If you look at where the "growth" largely comes from, it is hard to believe in its substance because of the lack of value and too often profits derived from extraction.

Krugman is a bright guy but was once pretty much orthodox in the official state secular religion, being smart and liberal in mental bent, considers he could be wrong about some of the structural problems and in many ways hopes so. It would be soooo much easier if things mostly just cycle and self correct.