During the pandemic, two forces operated in parallel to rescue the U.S. economy. On one side was Congress, spending trillions of debt-financed dollars to prop up businesses and households kneecapped by government-imposed restrictions. On the other was private enterprise: not just Pfizer and Moderna, which overcame regulatory obstacles to develop vaccines in record time, but also the millions of businesses that delivered food, books, and razor blades to Americans in lockdown.
If you are having trouble judging whether government or business did more to rescue the economy from COVID-19, I would point you to David Bahnsen’s new book, There’s No Free …
Something to Consider
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