Some good news

 As Kevin Drum says over at Jabberwocking: Needless to say, this is all because Congress acted with a bigger and faster rescue package than ever in history—and the Fed cooperated during the entire downturn with loose monetary policy. Among other things, that makes the next couple of years a terrific experiment in monetary and fiscal policy. If we recover faster than ever, and do so without sparking an inflationary spiral, it will be a strong indication that our past responses to economic downturns have been routinely too timid.


"New businesses are popping up at the fastest pace on record. The rate at which workers quit their jobs—a proxy for confidence in the labor market—matches the highest going back at least to 2000. American household debt-service burdens, as a share of after-tax income, are near their lowest levels since 1980, when records began." https://www.wsj.com/articles/the-economic-recovery-is-here-rebound-jobs-stock-market-unemployment-biden-aid-package-11622642152?mod=hp_lead_pos5

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