- a global pandemic that killed millions
- a shutdown of most industry for months
- a shutdown of most travel for 2 years
- a cut off of trade with one of the world's leading energy suppliers
And we didn't tip into recession or significant improvement. Yes, it was close. Yes, we had some inflation. Yes, we're still wobbly. But primary indicators, GDP and unemployment stayed positive.
To have only 4% unemployment after the stresses of the last five years is a gosh darn miracle and fairly convincing proof of competent stewardship over the economy.
It will be interesting to see how these events look after a few decades. Most countries reached for extreme measures to attempt to avoid economic disaster after the pandemic response.
It could turn out that worked with little or no important side effects. It also could turn out that the economic and social impacts are delayed by more than a few years.
Please don't take HN threads into flamewar. This comment is a noticeable step hellward. That's not what this site is for and destroys what it is for, so please make your substantive points without it.
- a global pandemic that killed millions - a shutdown of most industry for months - a shutdown of most travel for 2 years - a cut off of trade with one of the world's leading energy suppliers
And we didn't tip into recession or significant improvement. Yes, it was close. Yes, we had some inflation. Yes, we're still wobbly. But primary indicators, GDP and unemployment stayed positive.
To have only 4% unemployment after the stresses of the last five years is a gosh darn miracle and fairly convincing proof of competent stewardship over the economy.