The Senate and the House, in their recent budget resolution, are embarking on what by all indications will be a well-intended, but thoughtless and undisciplined, commitment of resources that the nation does not have. Its leaders must rethink.
The COVID-19 pandemic wreaked havoc on our economy and society, beyond anything short of war in the memory of any living American. Fiscal and monetary policymakers properly responded in an unprecedented scale to the threat.