You can’t stimulate a business under lock down with no revenue. Just like the Italians, Spanish and Germans probably thought initially herd immunity before their respective modeling showed then the worst case scenario. Ditto Johnston. there is only compensation. You cannot fight no revenue with more debt.
I don’t predict but the market plays are telling me not to assume anything optimistic. Did you tell your students about the MMT method evolved from Keynesian ?
I hope you are right because there a lots of bargains currently.
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