If Growth Doesn't Happen
Reihan flags an interview with Peter Thiel:
Wired: What happens if we don’t get the growth everyone expects?
Thiel: If it doesn’t happen, people will go bankrupt in retirement. There are systemic consequences, too. If we don’t have enough growth, we will see a powerful shift away from capitalism. There are good things and bad things about capitalism, but inequality becomes completely intolerable to society when everything’s static.