Imagine if the Biden administration had focused primarily on the pandemic as it took power a year ago. Get the vaccines out, accelerate COVID therapies, and let an economy poised to soar take off on its own. No $1.9 trillion “relief” bill in March, no threat of new tax increases and spending to “transform” American society.
Would the economy now be healthier, with much less inflation, fewer shortages, and more consumer and business confidence? There’s a strong case for thinking so.
It’s not too late to learn, and the best policy course now would be for Mr. Biden to do nothing at all.
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