The Silver Lining of the COVID-Caused Recession is Supra-Economic
By Brian Czech
COVID-19 has done in a deadly way what steady-state economists would prescribe in a healthy way: putting the brakes on a runaway economy. In fact, the pandemic has slammed on the brakes and jammed the GDP gearstick into reverse. It has ushered us into a recession that will be pronounced and protracted. In a COVID-caused recession, it's nature at bat, not the Fed.
In these dark times, any source of comfort is welcome. Steady-state economists offer one of the only economic comforts to be found, a bona fide silver lining that warrants inspection by the mainstream media, public, and policymakers. There are three qualifiers. First, the silver lining is mostly macroeconomic, not micro. In fact, it is so big-picture we might call it supra-economic as it transcends the standard economic indicators. Second, the comfort it provides will be palpable primarily to younger generations. Third, it may take a paradigm shift to feel the comfort, especially for older readers who've spent most of their life in...
The last Posts from Steady State
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- The Impact of Evolutionary Pressures on Economic Narratives
- COVID-19 in the UK: A Choice Between Life and Lucre?
- Orange Cone Headaches: Construction in an Overpopulated, Pro-Growth World
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- Joe Biden, Donald “Duck,” and a Steady-State Soul of America
- Joe Biden, Donald “Duck,” and a Steady-State Soul of America
- The Futility of Utility
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- Uncommon Sense-The Foreword
- Wildlife on the Way Out While the World Wildlife Fund Lays a Policy Egg
- Wealth Transfers, Carbon Dioxide Removal, and the Steady State Economy
- Fair Incomes for a Healthy Future: The Sustainable Salaries Act
- Colorado River: “Lifeline of the Southwest” Suffering Effects of Economic Growth and Climate Change
- Wealth Transfers, Carbon Dioxide Removal, and the Steady State Economy
- Wildlife on the Way Out While the World Wildlife Fund Lays a Policy Egg
- “Consumer Confidence” or Subtle Salesmanship?
- The Silver Lining of the COVID-Caused Recession is Fading Fast
- The Futility of Utility
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