The Problem With Abundance

Logs and sawdust, Warrenton, Oregon. Photo: Jeffrey St. Clair.

With tariffs kicking in, economic growth slowing, and Trump refusing to rule out a recession, the Federal Reserve has lowered its forecast for GDP growth through 2027 to well below 2%.  But liberals who want to push back by charting their own alternative path to robust growth are falling into a trap of wishful thinking. 

Witness Ezra Klein and Derek Thompson’s new book Abundance, touted as the magic ticket to re-energize flailing American liberalism.