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Covid19: What would Roosevelt do? What would Keynes say?

Summary:
Prof Pavlina R. Tchernev of Bard College in this Proj Synd piece wonders what would FDR do if faced with the Covid19 crisis? The US government should pull out all the stops in mitigating the economic fallout from COVID-19, not just by disbursing cash to all households, but also by implementing a federal job guarantee and many other long-overdue policies. After all, for a self-financing government, money is no object. Prof Robert Skiledesky asks What will Keynes say: One hopes that governments will not have to choose between higher prices and increased taxes to finance efforts to combat the COVID-19 pandemic. But it’s not too early for policymakers to start thinking about how to pay for this particular war. Mind is buzzing with all kinds of possibilities…

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Prof Pavlina R. Tchernev of Bard College in this Proj Synd piece wonders what would FDR do if faced with the Covid19 crisis?

The US government should pull out all the stops in mitigating the economic fallout from COVID-19, not just by disbursing cash to all households, but also by implementing a federal job guarantee and many other long-overdue policies. After all, for a self-financing government, money is no object.

Prof Robert Skiledesky asks What will Keynes say:
One hopes that governments will not have to choose between higher prices and increased taxes to finance efforts to combat the COVID-19 pandemic. But it’s not too early for policymakers to start thinking about how to pay for this particular war.
Mind is buzzing with all kinds of possibilities…
Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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