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What are the implications of secular stagnation for the US society well-being .

Start the video at minute 9 and listen till the 24th minute , and then read this article http://blogs.reuters.com/lawrencesummers/2014/01/06/what-to-do-about-secular-stagnation/

And answer the following question in no more than 450 words
What is secular stagnation? What are its causes? What are the implications of secular stagnation for the US society well-being and what are the implications in terms of economic policy response, i.e, How should we respond to secular stagnation in your opinion?
The video is: https://www.youtube.com/watch?v=5zXQ3cv-Ygc


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