What Noah Smith thinks about fiscal policy
Economics writer; author of the Noahpinion newsletter.
Everything they publish, on ppll ↗
Noah Smith did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
2 dated positions, 2021 to 2022, in their own words. Our reading of what Noah Smith has said — not written or endorsed by them.
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Our reading · no longer heldPandemic 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 holdsI had some theory and some evidence on my side for this prediction, and yet I ended up being very wrong about what would happen to consumption.
SaidI had some theory and some evidence on my side for this prediction, and yet I ended up being very wrong about what would happen to consumption.
↗Four things I got wrong since I started this blognoahpinion.blog
- 18 months earlier
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Their wordsIf you get a check during a pandemic, you’re not going to go out and spend it at restaurants and bars, because…well, there’s a pandemic. Instead, you’re more likely to stick it in the bank, pay down debt, or pay the back rent that you owe.
↗COVID relief isn't stimulus, it's social insurancenoahpinion.substack.com