Economic had entered Golden age

the golden age is an economic expansion led by unusually strong investment that produces a supply-side recovery; an economic expansion in which supply grows faster than demand so that price pressures are containe. Based in US, late February of 1996,higher interest rates, higher energy and grain prices, and a stagnant stock market have appeared to alter this happy picture. Still, the golden age scenario remains intact.

Eventually, as happened during the 1920s, a sustained rise in profits leads to a stock market bubble that pushes up wealth and demand so rapidly that the central bank eventually is forced to raise interest rates and collapse the bubble to avoid runaway inflation. but, in 1996 still do the same.

There are an impact from the Golden age which carries currency of market:
the dollar would strengthen for two reasons. First, the current account deficit should fall as superior U.S. productivity growth encourages higher exports and lower imports. Second, while a falling current account deficit would reduce the supply to global financial markets



The Fact is golden age still happen nowadays although based on the article that shows Economic had entered golden age yes it is. Because, there are still increase and dicrease(inflation) of money. -Dwita Budilestari

Referensi: http://www.aei.org/outlook/economics/is-the-golden-age-over/