DiscoverThe DailyCan Government Spending Save the Economy?
Can Government Spending Save the Economy?

Can Government Spending Save the Economy?

Update: 2020-05-1835
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As the American economy plunges toward a recession, economists and policymakers are triaging proposals to stanch the bleeding. All of their ideas will cost money the government doesn’t have. That leaves Democrats and Republicans with two major questions: How much should be borrowed for bailouts — and what spending is needed to avoid permanent economic damage?  Guest: Ben Casselman, an economics reporter at The New York Times.

For more information on today’s episode, visit nytimes.com/thedaily 

Background reading: 

  • Jerome H. Powell, the Federal Reserve chair, has urged Congress to spend more on economic relief — even if doing so means increasing the federal deficit. He warned that the United States was experiencing an economic hit “without modern precedent.”
Comments (8)

The Rabbit Hole

they keep saying the recession is caused by the virus but he means lockdowns.

May 18th
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Can Government Spending Save the Economy?

Can Government Spending Save the Economy?