The Goldilocks stimulus myth

No right figure exists: every possible stimulus size is simultaneously too little and too big.

US President Joe Biden, facing the great challenge of stimulating his country’s economy for the post-pandemic era, and haunted by then-President Barack Obama’s tepid stimulus in the face of the Great Recession a decade ago, has decided to err on the side of overshooting. He wants to 'go big' with a $1.9 trillion spending plan.