Areas that eased their initial COVID-19 lockdowns and now have surging infection rates are a testament to all that has gone wrong in the pandemic. The lesson from day one still holds: until the virus is defeated, there can be no return to normal.Project Syndicate got this one right.
Stimulus will not help much unless it is targeted at covid research. At this point, increasing the Fed tax liability offsets a good portion of the unemployment insurance. Multipliers are way down.
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