Bluheron

By Bluheron

Madness

“If you don’t spend money for people put out of work with no fault of their own when there’s a clear public-health virtue in making it in workers’ interests to stay home and not spread the virus, then everything else by comparison is a complete waste,” said Adam S. Posen, a former member of the rate-setting committee at the Bank of England and now the president of the Peterson Institute for International Economics in Washington.
 “We’ve got this notion that we are always overspending,” Mr. Posen continued, “but in the end we do only overspend on things for business, and for very privileged interest groups. We never spend enough for average working people.”
 Peter S. Goodman  New York Times   March 3, 2020
 

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