Friday, September 03, 2021

Need To Goad People Back To Work With Cattle Prods

It was a thing among certain evenliberal economists, back in April 2020, that we would just be turning the economy off and on again, that in Larry Summers' words it was just like Cape Cod in winter, and that any expanded unemployment benefits would prevent this from happening.

Larry's pal and real estate heir, Jason Furman, was pushing to reduce the superdole way back last May (2020).

And now the superdole is ending and the eviction wave (thanks, Supreme Court) is coming.

Maybe things will work out! But the dominant belief, one that always has to be fought against, is that the biggest danger is doing too much to help, not too little.

Very briefly those people were silenced just enough, but now....