Get back to where you once belonged
Productivity in the US is declining. Peter Schiff explains why (Bill Gross also gets it). Central bank policies have been driving depletion of savings. Without savings, there can be no capital. Without capital, there can be no investments that improve output per worker hour.
Output per worker hour is the way productivity is commonly defined.
How to rebuild the capital stock thru savings? Raise interest rates, which provides a signal that capital is in demand.
Rates do not have to be risen artificially. Central bankers merely need to step away from the interest rate lever and let the markets determine where rates should naturally be.
We can be certain, however, that markets would raise them...substantially.