I keep thinking about tweeting about macroeconomics, which is a bad idea because there are a lot of smart people who know about macroeconomics and I am not one of them.
But I haven& #39;t seen many big-picture articles on the economic effect of the pandemic.
But I haven& #39;t seen many big-picture articles on the economic effect of the pandemic.
Like, we can talk about who& #39;s being hit hardest, we can talk about government policy and interest rates.
But at some point, someone smart should write about the fundamental issue: We shut parts of the economy off so we just have less money than we expected now.
But at some point, someone smart should write about the fundamental issue: We shut parts of the economy off so we just have less money than we expected now.
Some way, somehow, we& #39;re going to feel the effects of having less money than we expected. The specifics of who bears the burden, and how policy smooths out the bumps matters a lot.
But the basic issue — we shut off or slowed down a lot of the economy — matters a lot too.
But the basic issue — we shut off or slowed down a lot of the economy — matters a lot too.
Hm. I seem to be tweeting about macroeconomics now in spite of what I said in the original tweet in this thread.
I& #39;ll stop here before I embarrass myself any further.
I& #39;ll stop here before I embarrass myself any further.