3min chapter

Odd Lots cover image

David Woo on What the Economists Got Wrong About the Stimulus

Odd Lots

CHAPTER

The Demand Side of the Global Pandemic

Tracy: People were talking about how this would permanently scar consumers, particular in america. It seems like they've emerged on the other side of this much more prepared to spend. Household networth as a shurp disposabl income is now all tom high because we've seen a mass of rally in the stock market and appreciation in home prices. Ironically, at the same time, covet has driven down interustry. Debt payment as assuref disposal. Meanwhile, if you don't have any money, gust watch. The banks are begging you to borrow. Credit car for people who have no money is at all time highrighnow. You know what bighton has promised

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