By James Kwak Today, the Washington Post's Outlook section published my article on the future of the American economy in the wake of the pandemic. They invited me to write it because of my earlier blog post on "Winners and Losers." (Hey, despite all appearances, maybe blogs are still worth writing.) The article is pretty gloomy. The short summary is that the COVID-19 pandemic will accelerate and reinforce the two primary economic trends of our time: consolidation and inequality. [ 661 more words ]
http://baselinescenario.com/…/the-covid-19-economy-what-ca…/

By James Kwak I think it's highly likely that the dust will clear eventually and that our economy will come back to life at some point in the next two or three years. I know there are certain disaster scenarios that can't be ruled out, but I think they are unlikely. I'm not going to guess when things will return to a semblance of normal. [ 427 more words ]
http://baselinescenario.com/…/…/covid-19-our-future-economy/