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I've re-read a brilliant 1939 speech by Marriner Eccle that has much to teach the next administration on how to emerge from many years of weak growth exacerbated by Covid-19. In case anyone is interested I thought I might pass along four...

https://fraser.stlouisfed.org/title/statements-speeches-marriner-s-eccles-446/put-idle-men-money-machines-work-7662

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quotes from the speech:

“To my mind, a policy of Government expenditure and investment does not become dangerous in an economic sense until the point is reached at which Government is competing with private industry for men and materials, and demand has reached a point...

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where prices are being forced up and a general inflationary condition is threatened. We are far removed from that danger at present, and whatever other deterrents to recovery may exist, all the evidence shows that public spending and investment in general have...

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supplemented and stimulated private activity.”