We Need to Start Tossing Money Out of Helicopters
It’s the best option in such extreme circumstances.
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That sound you hear is the Federal Reserve’s money printer firing up. The emergency public-health measures necessary to curb the spread of the novel coronavirus have thrown the economy into an unprecedented recession, one that threatens to become a second Great Depression if the government does not provide enough aid to businesses and families. Forecasters now anticipate that GDP will contract at a rate in the second quarter, and that unemployment might swell as high as , quadrupling the highest
