Joshua Gans' Newsletter • 0 implied HN points • 16 Jun 21
- Macroeconomists in government played a crucial role in avoiding economic and societal collapse during the COVID-19 pandemic.
- The successful approach taken by economists involved keeping payments flowing, providing subsidies, and implementing programs to support workers and businesses.
- Despite challenges such as potential fraud and unbalanced interventions, the economists' actions in government are seen as a significant triumph for the system.