If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.

~ Tyler Cowen

Tyler Cowen Financial Crisis Financial Crisis Of 2007 2011 Income Inequality Innovation Recession Technology Technology Enchantment The Great Stagnation The Recession

The one plentiful herds of magazine writers would continue to be culled - by the Internet, by the recession, by the American public, who would rather watch TV or play video games or electronically inform friends that, like, 'rain sucks!' But there's no app for a bourbon buzz on a warm day in a cool, dark bar. The world will always want a drink.

~ Gillian Flynn

Gillian Flynn A Drink Alcohol Americans Bar Bourbon Change Changes Drinking Electronic Books Electronic Revolution Electronic Software Electronics New Age Recession Sarcasm Technology The Future The Internet The Past The Public The Recession Tv Video Games