Last spring, an editor at one of the big newspapers asked me to send in an opinion piece if an idea hit me.
A lot is happening very quickly. The initial conditions at the onset of the pandemic — in domestic and international political economy — are quite germane. And the extraordinary scale, scope, and speed of the monetary and fiscal responses carry a slew of long-term consequences — some known, some unknown; some intended, some not so much. It’s all quite …
Why Quantitative Easing increased inequality, and we knew it would ex ante