Moody& #39;s Analytics — not a partisan organization — says that the economy will be much stronger if Biden wins than if Trump hangs on. What& #39;s interesting, and a bit bittersweet for those of us who remember the last crisis, is why they say this 1/ https://www.moodysanalytics.com/-/media/article/2020/the-macroeconomic-consequences-trump-vs-biden.pdf">https://www.moodysanalytics.com/-/media/a...

Basically they say that under Biden government spending will be higher, that this will lead to faster recovery, and that with low interest rates debt won& #39;t be a problem. And this seems to be conventional wisdom across much of the spectrum 2/

But the same thing was true in 2010; yet all the Very Serious People were calling for fiscal austerity, saying that it would improve confidence, and warning about the dangers of debt 3/ https://www.nytimes.com/2010/07/02/opinion/02krugman.html">https://www.nytimes.com/2010/07/0...