Spending Is Pointless Without Production

(Don Boudreaux)

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In today’s Dallas Morning News, my intrepid Mercatus Center colleague, Veronique de Rugy, and I write about today’s covid-sparked recession and “stimulus.” Here’s our conclusion:

The familiar cures from the past are simply not designed for today’s unique disaster. What America’s economy needs, above all, is not more government spending. We need freedom for businesses to open up and organize as they and their consumers see fit (to protect everyone), for consumers to spend what they want to spend, and for workers to return to work.