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← Pandemic relief checks function mainly as retroactive social insurance…
12 connected korrents · 7 moments on record from 4 Jun 2020 to 28 Aug 2026.
Everything filed under fiscal policy
fiscal policy
Everything filed under JavaScript
JavaScript
Everything filed under inflation
inflation
Everything filed under government
government
Everything filed under public debt
public debt In tension Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Pandemic relief checks function mainly as retroactive social insurance rather than stimulus, because people receiving them during a pandemic save or pay down debt instead of spending. Pandemic relief checks function mainly as retroactive social insurance rather than stimulus, because people receiving them during a pandemic save or pay down debt instead of spending. Last stated 4 years ago
25 Jul 2022
NS
Noah Smith — holds since 2021-02-07 — tap for who they are
NS
Noah Smith — no longer holds since 2022-07-25 — tap for who they are
In tension: Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been. — tap to centre the map on it Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — tap for who they are
Same subject: Government borrowing through the financial crisis and the pandemic was a good trade, because it repaired household balance sheets. — tap to centre the map on it Government borrowing through the financial crisis and the pandemic was a good trade, because it repaired household balance sheets. Last stated a week ago
28 Aug 2026
BC
Ben Carlson — holds since 2026-08-28 — tap for who they are
Same subject: A mass death does not by itself produce a boom afterwards: expecting a pandemic to renew an economy on its own misreads what followed the Black Death. — tap to centre the map on it A mass death does not by itself produce a boom afterwards: expecting a pandemic to renew an economy on its own misreads what followed the Black Death. Last stated 6 years ago
4 Jun 2020
AP
Ada Palmer — holds since 2020-06-04 — tap for who they are
Same subject: A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. — tap to centre the map on it A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Automatic fiscal stabilizers give fiscal policy an advantage over monetary policy in stabilizing output because they act faster. — tap to centre the map on it Automatic fiscal stabilizers give fiscal policy an advantage over monetary policy in stabilizing output because they act faster. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. — tap to centre the map on it During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad. — tap to centre the map on it The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: The probability of a self-fulfilling bad equilibrium in sovereign debt markets depends little on the debt level itself, but is much reduced by a rule linking the primary balance to debt service increases. — tap to centre the map on it The probability of a self-fulfilling bad equilibrium in sovereign debt markets depends little on the debt level itself, but is much reduced by a rule linking the primary balance to debt service increases. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Fiscal multipliers vary across time and place but are generally nonzero, positive for spending, negative for taxes, and larger when monetary policy cannot offset them. — tap to centre the map on it Fiscal multipliers vary across time and place but are generally nonzero, positive for spending, negative for taxes, and larger when monetary policy cannot offset them. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A proprietary language licensed from Microsoft had zero chance in the JavaScript ecosystem: TypeScript had to be open source or nobody would come. — tap to centre the map on it A proprietary language licensed from Microsoft had zero chance in the JavaScript ecosystem: TypeScript had to be open source or nobody would come. Last stated 4 months ago
13 May 2026
AH
Anders Hejlsberg — holds since 2026-05-13 — tap for who they are
Same subject: Because its types are erased before the program runs, TypeScript can afford not to be sound: checking 99% beats the 0% JavaScript checked, and buys features a sound language cannot offer. — tap to centre the map on it Because its types are erased before the program runs, TypeScript can afford not to be sound: checking 99% beats the 0% JavaScript checked, and buys features a sound language cannot offer. Last stated 4 months ago
13 May 2026
AH
Anders Hejlsberg — holds since 2026-05-13 — tap for who they are
At the centre
Pandemic relief checks function mainly as retroactive social insurance rather than stimulus, because people receiving them during a pandemic save or pay down debt instead of spending.
No longer holds Read this korrent →
Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been.
Holds JC John H. Cochrane
Government borrowing through the financial crisis and the pandemic was a good trade, because it repaired household balance sheets.
Holds BC Ben Carlson
A mass death does not by itself produce a boom afterwards: expecting a pandemic to renew an economy on its own misreads what followed the Black Death.
Holds AP Ada Palmer
A fiscal expansion when the economy is already at potential output prompts monetary tightening that dampens or eliminates its effect on output.
Holds
Automatic fiscal stabilizers give fiscal policy an advantage over monetary policy in stabilizing output because they act faster.
Holds
During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity.
Holds
The main obstacle to sound fiscal policy debate is a widespread, quasi-religious belief that public debt is inherently bad.
Holds
The probability of a self-fulfilling bad equilibrium in sovereign debt markets depends little on the debt level itself, but is much reduced by a rule linking the primary balance to debt service increases.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
Fiscal multipliers vary across time and place but are generally nonzero, positive for spending, negative for taxes, and larger when monetary policy cannot offset them.
Holds
A proprietary language licensed from Microsoft had zero chance in the JavaScript ecosystem: TypeScript had to be open source or nobody would come.
Holds AH Anders Hejlsberg
Because its types are erased before the program runs, TypeScript can afford not to be sound: checking 99% beats the 0% JavaScript checked, and buys features a sound language cannot offer.
Holds AH Anders Hejlsberg