The Economic Response to the Coronavirus Pandemic

The coronavirus has created both a public health and economic crisis and revealed the weakness of mainstream economic responses. The economy needs help to mitigate damage from businesses affected by quarantines and other forms of social distancing. Yeva Nersisyan, associate professor of economics at Franklin and Marshall College and L. Randall Wray, professor of economics at Bard College, crafted a possible solution to this catastrophe. Their suggestions are deeply rooted in progressive policy and modern monetary theory (MMT). The policy prescriptions not only address the crisis at hand but look into the future to deal with effects not yet seen. To read more about it, click here.