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A Strange Moment for the U.S. Economy
The Daily
The Third Theory Is That We Are Already on the Highway
The economy is recovering really quickly. But we're in this, we're in a merge, a highway emerge moment, right? And anybody who's merged onto a highway at a busy time of day knows that that can be a tricky moment. It's tough to go from access road speed to highway speed. So the third theory is that actually, we're already on the highway. The economy has kind of emerged from most of its pendemic restrictions already. We are continuing to jam on that accelerator beyond what the engine can handle and ultimately end up in worse shape than if we backed off the accelerator and allowed the economy to continue on its own path.
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