The Keynesian Cure
At some point, the world economy will begin expanding rapidly again. But what it needs now is a boost to aggregate demand, which requires short-term fiscal expansion and policies that increase the private sector’s effective risk-bearing capacity.
https://prosyn.org/COSSk6g
BERKELEY amp#45;amp#45; It is not yet foredoomed that the world economy will undergo a substantial recession in the next three years or so: we might still escape. But governments should play it safe by starting to take more steps now to cushion, soften, and shorten the period of high unemployment and slow or negative growth that now looks very likely.