In my most recent post, I directed the interested reader to a lecture in which I suggest a macroeconomic framework which could form the basis for better economic policy analysis in our present situation.
Here are some wise words from Benjamin Powell who applies the framework of which I speak:
Republicans and Democrats are debating what to include in yet another federal coronavirus relief bill. Meanwhile, the states are in various stages of “opened up” or “locked down,” with state and local politicians regulating the minutiae of our interactions right down to what constitutes a “meal” in order to determine which establishments may serve alcoholic beverages.
The politicians all need to stop. Just stop.
To read the rest click here.