Congress should not treat stimulus like a miracle drug that will mend the pandemic or believe the Fed can simply monetize Treasury debt without longer‐run consequences.
During the fall of 2009, George Papandreou headed the ticket of the Panhellenic Socialist Movement, known by its acronym PASOK, against the then‐governing conservative party, New Democracy, in the Greek national elections.
The promise and peril of new technology
The Federal Reserve’s expansion into credit allocation during the COVID-19 pandemic will be difficult to roll back. Jim Dorn comments.
The much‐enlarged role of government in modern monetary systems makes it especially difficult to “inquire what would result” were the government to cease playing any role.