Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
your older children might enjoy or hate this article
the chief question is what the borrowing (which is largely self-dealing) is spent on, again, again, again, when it is disaster relief, even prolonged disaster relief, that's a good thing, and when it's wealth taxcuts, that is about the worst possible thing
the badness ahead will be in august: sharp cut in aid to unemployed, alongside likely mass layoffs of teachers and firefighters, plus small businesses folding and/or laying off their employees
HLong WaPo: There are 2 key reasons people aren't returning to work right now: a) It's still not safe in some places / for some people b) There aren't jobs for ~40 million unemployed An extra $600 in gov aid isn't the big problem here.
Comments
again
https://www.ft.com/content/c6d2de3a-6ec5-11ea-89df-41bea055720b
https://www.nytimes.com/2020/03/27/upshot/stimulus-national-debt-coronavirus.html
https://www.brookings.edu/blog/up-front/2020/03/25/where-is-the-u-s-government-getting-all-the-money-its-spending-in-the-coronavirus-crisis/
the chief question is what the borrowing (which is largely self-dealing) is spent on, again, again, again, when it is disaster relief, even prolonged disaster relief, that's a good thing, and when it's wealth taxcuts, that is about the worst possible thing
https://www.ft.com/content/a1fba7cd-5329-46e6-82a8-57149e409f6c
the badness ahead will be in august: sharp cut in aid to unemployed, alongside likely mass layoffs of teachers and firefighters, plus small businesses folding and/or laying off their employees
HLong WaPo:
There are 2 key reasons people aren't returning to work right now:
a) It's still not safe in some places / for some people
b) There aren't jobs for ~40 million unemployed
An extra $600 in gov aid isn't the big problem here.