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Post-Crisis Economy - What Does It Look Like?
The shift from a reliance primarily on monetary policy as the main driver of macro stabilization to fiscal policy feels like a pretty big deal. Coronovirus accelerated that shift even before coronovarus. Almost nobody was exercising much restraint on fiscal spending even prior to coronovarus. But covet accelerated this process quite quite dramatically. And so from a political perspective, it gets easier and easier to ignore.