Beware the COVID-19 debt hangover

J.D. Tucille  |  February 23, 2021

By J.D. Tucille, includes “So, while the economy isn't entirely back, it's moving in the right direction—a process that could be interrupted by massive government spending. ‘[E]ffectively, what we're doing is taking money from [some] people and giving it to other people for consumption purposes,’ notes Berkovich of stimulus schemes. ‘That has value for social safety nets and redistributive benefits, but longer-term, you're taking away from the capital that we need to grow our economy in the future.’ …”

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