Opinion | Wonking Out: Alexander Hamilton and Post-Covid America

By Paul Krugman

Opinion columnist

In the spring of 2020, the U.S. economy went into what I described at the time as a “medically induced coma”: We shut down much of the economy in an attempt to limit the spread of the coronavirus. This was, in retrospect, a wise policy that should have been followed much more thoroughly. After all, by slowing the spread of the virus, we didn’t just avoid overwhelming the health care system; we also bought time for the development and dissemination of vaccines, so that tens of millions of Americans who would have been infected without the lockdowns ended up dodging the bullet.

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