These disruptions had unavoidable economic costs. We could have paid those costs by immiserating America's most vulnerable workers through a prolonged period of high unemployment. Instead, under Biden, we all chipped in to pay Covid's toll through inflation while protecting the disadvantaged. I think this was a sound decision.
Friday, June 28, 2024
Trump-Biden debate: The truth about Biden's economy - Vox
Recovering from the pandemic was always going to be painful. Covid shuttered entire sectors of the US economy and disrupted factory production the world over. At the same time, consumers suddenly shifted their spending away from in-person services and toward manufactured goods, a development that producers weren't prepared for.
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