Budget shortfalls threaten additional job cuts, gutted social programs, and can cripple states’ abilities to conduct coronavirus vaccination programs. The time for government to do something is now. Check out how other countries are handling the pandemic: Wages subsidized by the government during pandemic: 🇨🇦 – $2,000 a month 🇯🇵 – Up … Continue reading State and local government stimulus needed to avoid long-term drag
Don’t think of that number as “big” or “bold.” Just think of it as the appropriate dosage for a once-in-a-century economic affliction. We’ve done it before, we can do it again. Source: … Continue reading Preventing a Great Depression Will Cost $10 Trillion – The Atlantic
We’re finally, finally, doing an episode on MMT. Just in time for the deficit to triple. Source: Maybe Modern Monetary Theory is an answer to the COVID-19 economic crisis – Marketplace Continue reading Maybe Modern Monetary Theory is an answer to the COVID-19 economic crisis – Marketplace
Yes — It poses no inherent danger to states that issue their own currency There are three real reasons. First, a currency-issuing government never needs to borrow its own currency. Second, it can always determine the interest rate on bonds it chooses to sell. Third, government bonds help to shore up the … Continue reading Can governments afford the debts they are piling up to stabilise economies?
Source: [LIVE] Coronavirus Pandemic: Real Time Counter, World Map, News – YouTube Continue reading [LIVE] Coronavirus Pandemic: Real Time Counter, World Map, News