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7 principles for a post-coronavirus economy

The Honorable Henry M. Paulson, Jr.
 

By Henry M. Paulson, Jr. (original source Washington Post)

“The pandemic crisis has laid bare the fact that while our economy was fundamentally strong before the crisis hit, we have unsustainable levels of income disparity in the United States, with too many people living paycheck to paycheck, afraid of the wolf at the door. 

The more quickly we are able to safely restart the economy, the less hardship Americans will bear. Now, we have to get through the night, and there is broad consensus that massive government intervention is necessary to keep our economy from drowning.

But let’s look ahead and make today’s investments count. Indeed, when the recovery begins, the policies we put in place will be more important than the coronavirus crisis itself in determining the economic prosperity of generations of Americans and the effectiveness of the United States’ political system and global leadership, both of which are rooted in economic strength.”

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