- A year ago, the COVID-19 crisis was beginning to pick up steam and optimism measured on many facets plummeted.
- In stark contrast to last year, we have a strongly recovering economy and, at least in the U.S., we have COVID-19 infections under control as vaccinations in our country are rising rapidly.
- This is in no small part due to the unprecedented stimulus from monetary and fiscal authorities in response to what some are now referring to as the "Great Covid Crisis (GCC)."
- There will be plenty of support for the economy coming from the excess savings that have been accumulated over the last year, but we are also likely to continue benefiting from the stimulative efforts by the growth engine of the world: China.
For further details see:
Money For Nothing, Checks For Free - I Want My, I Want My MMT