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The coronavirus crisis has done great damage to our economy and threatens to do more. Policymakers quickly took up consideration of a number of economic stimulus measures. That makes sense. An economic downturn can turn into a spiral of negativity. Breaking the downward spiraling is imperative.
But...
Earning Economic Growth
Growth ultimately must be earned. When a stimulus works, it works by taking growth that otherwise would have appeared in the future and speeding it up, letting us enjoy it at a time when we are more in need of