Biden’s Go-Big Push on Stimulus
The latest version under discussion would send $1,400 payments to individuals earning under $50,000; and $2,800 to married couples earning under $100,000.
https://www.washingtonpost.com/business/2021/02/03/biden-stimulus-checks-what-you-need-to-know/
https://www.washingtonpost.com/business/2021/02/03/biden-stimulus-checks-what-you-need-to-know/
The Biden stimulus is admirably ambitious. But it
brings some big risks, too. By Lawrence H. Summers
https://www.washingtonpost.com/opinions/2021/02/04/larry-summers-biden-covid-stimulus/
https://www.washingtonpost.com/opinions/2021/02/04/larry-summers-biden-covid-stimulus/
Biden Is Right to Go Big
https://www.nytimes.com/2021/02/04/opinion/biden-stimulus-package.html
https://www.nytimes.com/2021/02/04/opinion/biden-stimulus-package.html
Battle over $1.9 trillion covid relief package is
as much about political optics as economic necessity
https://www.washingtonpost.com/business/2021/02/03/democrats-stimulus-covid-relief/
Steven Pearlstein notes:
“The Democrats’ rationale for a $1.9 trillion package — and not a penny less — also reflects a fundamental misconception about the economy and economic policy. Too many have come to believe that government, can control the course of the economy by cleverly turning a handful of dials that have been installed in the basement of key agencies in Washington. This mechanistic conception is a dangerous conceit. Economics is not a hard science, and economies are too complex and subject to too many random events for anyone to say with confidence that anything less than $1.9 trillion would invite economic disaster”.
https://www.washingtonpost.com/business/2021/02/03/democrats-stimulus-covid-relief/
Steven Pearlstein notes:
“The Democrats’ rationale for a $1.9 trillion package — and not a penny less — also reflects a fundamental misconception about the economy and economic policy. Too many have come to believe that government, can control the course of the economy by cleverly turning a handful of dials that have been installed in the basement of key agencies in Washington. This mechanistic conception is a dangerous conceit. Economics is not a hard science, and economies are too complex and subject to too many random events for anyone to say with confidence that anything less than $1.9 trillion would invite economic disaster”.
Economic Policy Makers Double Down on Elusive Goal: Full Employment
https://www.wsj.com/articles/biden-fed-economy-covid-employment-inflation-11612451174
Before the pandemic, low joblessness boosted prosperity without overheating the economy. Getting back there is the top economic aim of the Fed and Biden administration.
Before the pandemic, low joblessness boosted prosperity without overheating the economy. Getting back there is the top economic aim of the Fed and Biden administration.
Why Joe Biden’s proposed stimulus is too big
https://www.economist.com/leaders/2021/02/06/why-joe-bidens-proposed-stimulus-is-too-big
https://www.economist.com/leaders/2021/02/06/why-joe-bidens-proposed-stimulus-is-too-big
Rising Inflation Will Force the Fed's Hand
https://www.bloomberg.com/opinion/articles/2021-02-04/inflation-will-force-the-federal-reserve-to-rethink-monetary-policy
Companies traumatized by the recession might just raise prices instead of supply as demand recovers. That will slow recovery, but only temporarily.
https://www.bloomberg.com/opinion/articles/2021-02-04/fat-earnings-for-homebuilders-and-airlines-are-on-the-way
https://www.bloomberg.com/opinion/articles/2021-02-04/fat-earnings-for-homebuilders-and-airlines-are-on-the-way