How Many More Trillions Must We Pump into This Economy?

As Congress drags its feet, spending ideas proliferate.

NRPLUS MEMBER ARTICLE T hree months after the coronavirus hit the fan here in the U.S., two things are clear about Congress’s fiscal response: It worked about as well as anyone could reasonably have hoped, and we need something very different going forward.

The CARES Act, signed in late March, threw money at pretty much everyone: one-time checks of up to $1,200 for most American adults plus up to $500 per child, an extra $600 a week to the unemployed, forgivable loans to businesses. The usual concerns about government debt and bad incentives simply didn’t apply, because we were dealing with a severe health crisis

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