[chrisk]

From Anne Lowry:

https://www.theatlantic.com/ideas/archiv...on/608443/

It's not a recession, it's an ice age.

To quantify the present reality, we have to rely on anecdotes from businesses, surveys of workers, shreds of private data, and a few state numbers. They show an economy not in a downturn or a contraction or a soft patch, not experiencing losses or selling off or correcting. They show evaporation, disappearance on what feels like a religious scale.

BC

A surtax on high incomes might drive home the reality that income redistribution to the unemployed is really going on.
There is no free lunch even if the Feds can borrow at low rates.

[chrisk]

From Anne Lowry:

https://www.theatlantic.com/ideas/archiv...on/608443/

It's not a recession, it's an ice age.

To quantify the present reality, we have to rely on anecdotes from businesses, surveys of workers, shreds of private data, and a few state numbers. They show an economy not in a downturn or a contraction or a soft patch, not experiencing losses or selling off or correcting. They show evaporation, disappearance on what feels like a religious scale.

BC

A surtax on high incomes might drive home the reality that income redistribution to the unemployed is really going on.
There is no free lunch even if the Feds can borrow at low rates.