Bard Economist Pavlina Tcherneva Says Another Round of Federal Stimulus is the Minimum Needed to Support State Governments, Small Businesses, Educational Institutions, and People
Not continuing unemployment assistance “means not just more economic pain, but it might mean default, evictions, and bankruptcies that we did not see because we were able to buy ourselves some time with the first round of stimulus,” Tcherneva told Bloomberg’s What'd You Miss? show. “At some point when we see the fire put out in this house, we need to figure out how to rebuild it, and then again we will need the federal government step in with big investment [to support] big employment.”
Post Date: 08-06-2020
Post Date: 08-06-2020