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David Woo on What the Economists Got Wrong About the Stimulus
Odd Lots
Introduction
Inflation readings. have been quite elevated lately by historical standards. There's this whole debate about whether t it's transitory or some sort of new regime, and what's causing it and so forth. The recession that we saw during covid was basically unlike any others. In the end, we had record stimulus. And so that kind of means that no one's really sure exactly what the recovery is going to look like.
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