> Policy makers well understand the economy can tolerate a lot of disruption
If I understand you correctly, this is my reading of the pandemic as well. We suddenly all realized there is a _ton_ of slack in the system. On the individual level, but as well as societal.
Yeah exactly. Instead of the economy being a delicately balanced machine that you don't dare touch. It turned out you can push it really hard and it'll hold together. At that point the idea that if you change industrial policies the whole thing will collapse and it'll be your fault went out the window. Policy makers have vastly more confidence in 2024 than they did in 2019.
