"In a forthcoming book, they argue that the collapse of advanced-country growth is not merely a result of the financial crisis; at its root, they argue, these c

"In a forthcoming book, they argue that the collapse of advanced-country growth is not merely a result of the financial crisis; at its root, they argue, these countries’ weakness reflects secular stagnation in technology and innovation." I'd argue it's a result of artificially low interest rates which effectively increased societal time preference. In short, we spent the last 40 years or so eating our future. We've run out of future to borrow from. I'm glad to see Thiel is kind of in agreement. :)