There are times to worry about the growing government debt. This is not one of them.
Fiscal policymakers should focus not on aggregate demand but on social insurance. Financial planners tell people to have six months of living expenses in an emergency fund. Sadly, many people do not. Considering the difficulty of identifying the truly needy and the problems inherent in trying to do so, sending every American a $1000 check asap would be a good start. A payroll tax cut makes little sense in this circumstance, because it does nothing for those who can't work.
Externalities abound. Helping people over their current economic difficulties may keep more people at home, reducing the spread of the virus. In other words, there are efficiency as well as equity arguments for social insurance.
소득세 깎지 말고 모든 미국인한테 1천 달러 주자거나 사회적 보험은 평등 뿐만 아니라 효율성도 달성할 수 있다 등등.
경제학 배울 때 이 분이 보수 경제학자였던 걸로 배웠습니다.
크루그먼과 대척점에 있는 분이신 걸로 알고 있는데 조금 놀랐네요 ㄷㄷ..