We need to move on from rear-view mirror economics

Many of the July stimulus package’s measures look good, but they will need to be rigorously monitored

26th July, 2020
We need to move on from rear-view mirror economics
Shoppers on a reopened Grafton Street earlier this month: consumer confidence is necessary for the July stimulus package to work

Deadweight is what economists call money that is spent to stimulate activity which would have happened anyway. We need not have any such concerns over the July stimulus package, announced last Thursday.

The need is so great that any money pumped in by the government in any direction is going to realise some benefit. The trick now is to maximise it.

Some of the negative responses towards the stimulus package measures look a bit tired...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Analysis: Central banking’s brave new world

Markets Jean Pisani-Ferry 10 hours ago

Comment: Putting brakes on stock trading would make GameStop-type events worse

Organic skincare company has its origins in Ireland’s bog bodies

SMEs Rachel Lavin 1 day ago