Guardian Editorial Calling for Strong COVID Relief Spending Cites Work of Bard Economics Professor and Levy Economics Institute Senior Scholar L. Randall Wray

As Yeva Nersisyan and Wray “have pointed out, the US government is engaged in relief, not stimulus, spending. It is offering much-needed assistance to the devastated balance sheets of households, school districts and local governments. Rescuing public services, making sure people don’t starve and building Covid-testing systems is not an economic stimulus but a necessary antidepressant. Reducing the size of the relief package would prolong the recession, which, given the virus’s capacity to surprise, may last longer than the experts predict.”

Post Date: 02-09-2021