Wednesday, March 25, 2020

Deciding What's Best For Our Country

As AP reporter Marcy Gordon in Washington, covering business, financial issues and the occasional scandal, now pandemic fallout writes, "the U.S. economy is all but shut down, and layoffs are soaring at small businesses and major industries. A devastating global recession looks inevitable. Deepening the threat, a global oil price war has erupted. Some economists foresee an economic downturn to rival the Depression."
“Right now, the country’s frozen,” said Anat Admati, a professor of finance and economics at Stanford University and senior fellow at Stanford Institute for Economic Policy Research. "Policymakers have to decide what’s really best for society."
No one knows how this recession may unfold or how effectively the government's rescue programs might help.

Read more at The New York Times.

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