Credit: Sharon McCutcheon

Yes, Now is the Perfect Time to Talk Economic Recovery in America

An in-depth look at the COVID-19 economic crisis and how the United States will climb out.

The outline and links are below; the posts cover a range of topics related to the American economic recovery. If you find these posts helpful, please clap and share! I’d really appreciate it.

  1. Yes, Now is the Perfect Time to Talk Economic Recovery in America
  2. How Did America Recover from the Great Depression?
  3. How Did America Recover from the Great Recession?
  4. The COVID-19 Recession Explained
  5. The First Relief Package Wave
  6. The Second Relief Package Wave
  7. The New Economy

Why I Created This Series

The COVID-19 pandemic marks its one-year anniversary in America. There has been remarkable change in a relatively short amount of time. The pandemic has taken over 500,000 American lives, more than World War I, World II, Vietnam, and 9/11 combined.

Life has been reduced, confined, and altered. The economy sits idle in an underperforming plateau. Uncertainty prevails day after day. We long for a break from this never-ending stasis with a simple yet impossible question, “When will life be normal again?”

It was a long winter in America. Dormant cities bubbled with hot spots at hospitals and food lines. COVID-19’s third wave dwarfed our previous understanding of scorch.

The pandemic caused businesses to shutter. It left shopping districts barren with stray plastic bags tumbling in the wind. It has led to growing homeless communities across the country.

At last, there seems to be a reprieve. A break from the proverbial plague. The vaccination rate accelerates, the warm weather energizes, and pent-up demand awaits its release.

In this 7-part series, I tackle what economic crises look like and how recoveries work. I examine the past to explain the present.

I first look to history and discuss the nation’s two greatest economic collapses: the Great Depression and the Great Recession. They provide a roadmap for decision-making. We can learn about the moments that mattered and the tools utilized.

I then contextualize the COVID-19 Recession. Its cause clearly differs from the Great Depression and Great Recession, but it’s not completely unique. The COVID-19 Recession has similar markers to these previous economic collapses and can provide clues for how America will dig out this time around.

In response to the economic crisis, the federal government has taken unprecedented measures to provide relief. Both through legislative and central bank authority, the government has penned actions into practice. Some of these activities have been successful and others not so much. Though time will be the best judge, I explain what’s been done so far.

Lastly, I look ahead. Without an elixir or magic eight ball, I sketch a new economy.

I write this series through the lens in which I am most familiar. I do not have professional experience in macroeconomics, but I have intense personal interests in history and policy for which I rely. I also have an academic background in these subjects and believe that I can speak to the topic with researched support.

In its entirety, this guide scours the COVID-19 economic crisis and previews its comeback. I hope that it can be helpful in any way possible. Each post is written in a stand-alone fashion, so I encourage you to choose a topic of interest. I welcome any and all feedback, reflection, and ideas.

At this moment, the economy may seem bleak with both glimmers and trepidation ahead. Recoveries are often that — a turbulent path forward.

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