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How to Save the Economy

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How to Save the Economy

Washington Examiner April 3, 2020
EconomicsTaxBudgetEmployment

What Washington got right in the pandemic relief package and what remains to be done.

The federal response to the COVID-19 pandemic has been historic in its magnitude, speed, and nearly unanimous congressional support. But it has also been misunderstood, and the differences between it and past federal crises, in terms of federal economic intervention, are instructive.

In just two weeks, Congress drafted and enacted one of the most expensive bills in American history, with a $2 trillion price tag, that will affect every part of the economy. This speed reflects the rapid bipartisan consensus of economists and policy experts around a set of policies needed to prevent a short-term economic crisis from becoming a long-term depression.

Continue reading the entire piece here at the Washington Examiner (paywall)

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Brian M. Riedl is a senior fellow at the Manhattan Institute. Follow him on Twitter here.

Photo by MattGush/iStock

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