America Failed at COVID-19, but the Economy’s Okay. Why?

America Failed at COVID-19, but the Economy’s Okay. Why?

America Failed at COVID-19, but the Economy’s Okay. Why?

Another structural advantage is that Washington prints the world’s reserve currency, which means that it tends to suck in global capital flows when uncertainty is high, “as in a pandemic,” Mark Zandi of Moody’s Analytics told me. That pushes up American asset values and lowers American borrowing costs. The U.S.

By Miki