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comment by usualgerman
usualgerman  ·  72 days ago  ·  link  ·    ·  parent  ·  post: Trumps First Two Weeks

Even that, from my understanding comes from the same place. Once you stop forcing the economy to slow down by lockdowns and vaccination mandates, just saying “you can go back to working and buying stuff in stores now” is going to end tge artificially created recession. Wages didn’t go up because the government did something, it was an enticement to get people back to working in restaurants and warehouses and retail stores because people who were doing those jobs found other work.





kleinbl00  ·  71 days ago  ·  link  ·  

"From my understanding" doing a lot of work there. The United States pumped more cash into the economy than any other, which led to more employment, more investment and a faster recovery. It also led to greater initial inflation, but that inflation also cooled faster than any other country.

Economic statistics are notoriously obscure and net price changes are a function of inflation over time, rather than a rate of inflation, so there's hay to be made about the truly uneven nature of the pandemic recovery. But you can't wave your hands and say "from my understanding" and pretend that global pandemic recovery had nothing to do with economic policy.