Covid-19 was when we collectively decided it was time to go back to normal. “Back” is misleading because we haven’t returned to the normal of 2019 yet. Covid has left a permanent mark, as viruses sometimes do, and normal will never be quite the same again. The era of seemingly permanent fiscal and monetary expansion has officially ended. Easy money boosted home values, financed Silicon Valley start-ups, and freed politicians from having to negotiate difficult trade-offs. Now, tech companies are tightening their belts, the housing market is semi-frozen, and budget politics stands to get uglier.
More from OpinionsMore posts in Opinions »
- According to the GOP tax proposal, you will pay more while the wealthy will pay less.
- We should leave the covid origin debate to the experts.
- More than ever, NATO is cohesive. Then again, what about those tanks?
- Drug manufacturers may have widened the availability of naloxone. How come they didn’t?
- DeSantis reveals himself by preventing the offering of an AP Black studies course.