What Would Keynes Say Now?
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.
https://prosyn.org/gMhJRzE
LONDON – The United Kingdom’s new Chancellor of the Exchequer, Rishi Sunak, has done what Prime Minister Boris Johnson wanted him to do following the forced resignation of Sunak’s predecessor, Sajid Javid, in February. In his March 11 budget, Sunak turned on the spending taps by unveiling a stimulus package worth £200 billion ($235 billion) over five years.