This is part of our economists roundtable on the corona crisis. The corona crisis has obliterated, one hopes for all time, certain shibboleths of the economic textbooks and the Congressional Budget Office. Among these, especially, are crowding out, deficit and debt thresholds, and the natural rates of interest and unemployment. If the pseudo-Keynesian notion of […]
coronavirus
Posted inEconomic Policy
Beware of Austerity Demands Once the Immediate Crisis Passes
This is part of our economists roundtable on the corona crisis. The coronavirus is, above all, a public-health crisis, and the economic impact could be devastating. But before any of us even heard of COVID-19, our society and economy suffered from deeply-ingrained problems, starting with economic inequality, which this crisis will undoubtedly exacerbate. The need for […]
Posted inEconomic Policy
To Tame Public Debt Without Austerity, Reduce Inequality
This is part of our economists roundtable on the corona crisis. Robert Kuttner is right that a growing share of economists is (finally) getting more evidence-minded about the effect of public debt. These economists have seen that the large increase in the ratio of debt to GDP in the past decade failed to boost interest […]
Posted inEconomic Policy
Debts and Deficits: What Are the Limits, and Why?
This is part of our economists roundtable on the corona crisis. Recent Headlines from The Financial Times: U.S. taps market for stimulus funds at historically low rates (April 3) How central banks beat back the ‘bond vigilantes’; unlimited bond buying has made it near impossible for investors to punish overspending (March 31) Fed sets up scheme […]
Posted inCoronavirus
Unsanitized: Placing Consumers at the Forefront of Relief Efforts
Credit cards could be used to get help to people quickly. This is The COVID-19 Daily Report for April 5, 2020.
Posted inUncategorized
Unsanitized: How People Seeking Bankruptcy Will Suffer in the Pandemic
Also, cracks in the small business lending program and a self-interested inspector general. This is The COVID-19 Daily Report for April 4, 2020.
Posted inLaw and Justice
Inside a Federal Prison, Where Inmates Can’t Stop Coughing
Two inmates have died in Elkton Federal Correctional Institution, with one testing positive for COVID-19. An inmate’s wife tells the Prospect what it’s like inside.
Posted inTAP
Government Needs to Start Hiring People
Today on TAP: Things Washington can do a lot better than the private sector
Posted inLaw and Justice
As COVID-19 Spreads, a County Jail in Ohio Is Ill-Prepared
The Morrow County jail already lacked adequate sanitary measures. ‘I’m scared to death that if he gets this he could die,’ says a family member of an ICE detainee at the facility.
Posted inCoronavirus
Unsanitized: Why Banks Don’t Want to Help Small Businesses
Also, beware the middleman. This is The COVID-19 Daily Report for April 3, 2020.
