Martin Wolf Is the Embodiment of "Secular Stagnation"

Martin Wolf Is the Embodiment of "Secular Stagnation"
AP Photo/David Karp, File

In 1997 Tiger Woods won the Masters in dominating fashion, and was seemingly on the verge of a string of wins that would firmly put him miles ahead of his alleged peers. The problem is that he wasn't happy.

Without trying to analyze the endless thought and engineering that goes into the swinging motion of one of the greatest golfers ever, Woods watched his Masters performance in dismay. He didn't see one flaw in his swing, he saw ten. And so it goes. Despite crushing the competition in what is golf's most coveted major, Woods went to work in order to fix his swing. That he did is instructive economically.

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