We don’t live in “principle”

Dean Baker:

…the United States has faced a serious problem of secular stagnation, meaning it does not have enough demand to bring the economy to full employment. In principle this problem can be easily addressed by a big government stimulus program. But we don’t live in principle, we live in Washington [D.C.], where no one in a position of power is prepared to talk about big increases in the government deficit. Hence, secular stagnation is a real live problem.