Uncertainty can ruin an economy. The bungled covid-19 response just adds to it.
Back then, there was little evidence to back up these claims — and, in fact, they were typically used to rebuff additional stimulus that could have brought jobs back sooner. In the current downturn, however, things are different: Today, uncertainty — caused now by the interplay between a public health crisis and an economic one — really is keeping the economy back, and it threatens to stall any recovery unless it can be countered by an effective policy response.
The above excerpt was originally published in The Washington Post. Click here to view the full article.
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