Thursday, June 18, 2020

Scalia Says a Strong Economy--Not So

The Secretary of Labor, Mr. Scalia, says we have a strong economy. 

He's wrong.  We had a strong economy in January 2020; one which well by many of the usual criteria and under the conditions existing at the beginning of the year.  But those conditions changed; covid-19 emerged and suddenly our economic activity had to deal with a new world, one to which it was poorly adapted. 

We won't have a strong economy until we can adjust to these new conditions.

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