Richard Duncan and Macro Economics
Money Tree Investing
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The Economic Fall Out From the Pandemic
Up until the pendemic started, the economy was much larger and asset prices were very much higher. The wealth of the american public had never been anywhere near this great. Here we are, bt 13 years later, and we haven't had a great depression the economies. And so when it came when the pandemic struck and the economy started to collapse again, the policy makers had two examples to follow. They could choose the lase model of 19 30, or the full out, let's reflate the bubble model of 2 thousand and eight. It didn't take them any time at all to decide that the second model was better. So they responded extraordinarily aggressively with government, borrowing
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