8 votes

Getting serious about the economic response to COVID-19

2 comments

  1. patience_limited
    Link
    In economic terms, COVID-19 is a short-term demand shock, unlike the 2008 mortgage crisis which left a rubble of debt and reduced demand that's still being cleaned up. While the article is...

    In economic terms, COVID-19 is a short-term demand shock, unlike the 2008 mortgage crisis which left a rubble of debt and reduced demand that's still being cleaned up.

    While the article is U.S.-centric, this is good policy advice for most governments that aren't taking care to support workers. Mitigating the demand shock and ensuring people don't starve, lose housing, or fail to seek healthcare are the utmost priorities.

    3 votes
  2. skybrian
    Link
    This starts out talking about low-wage workers but the idea of "refundable" income tax credits seems like a nice euphemism / mechanism for giving money to everyone.

    This starts out talking about low-wage workers but the idea of "refundable" income tax credits seems like a nice euphemism / mechanism for giving money to everyone.

    2 votes