Tuesday, January 26, 2021

Tag: This “Cure” for the Economy Could Kill It

This “Cure” for the Economy Could Kill It

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by Jim Rickards, Daily Reckoning:

The economy remains under lockdown, although some states are beginning to relax restrictions. As with so many other aspects of American life, there’s been a red state/blue state divide.

Red states are generally more willing to reopen their economies, while harder-hit coastal blue states are generally more reluctant to open theirs.

Regardless, the economic consequences of the lockdown have been devastating, and we’ll be feeling their effects for a very long time. We’ll also be feeling the effects of the massive monetary and fiscal responses to the crisis for a long time.