https://steadystate.org/wp-content/uploads/GDP-illth-6-2.jpg 261 464 Brian Czech /wp-content/uploads/logo.svg Brian Czech2020-03-24 11:19:362023-01-04 10:00:31The Silver Lining of the COVID-Caused Recession is Supra-Economic
The Silver Lining of the COVID-Caused Recession is Supra-Economic
by Brian Czech
COVID-19 has done in a deadly way what steady-state economists would prescribe in a healthy way: putting the brakes on a runaway economy. In fact, the pandemic has slammed on the brakes and jammed the GDP gearstick into reverse. It has ushered us into a recession that will be pronounced and protracted. In a COVID-caused recession, it’s nature at bat, not the Fed.
In these dark times, any source of comfort is welcome.