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
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...
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