Biden’s $1.9 trillion big spend is a big bet on modern economic theory

Virginia Heffernan  |  February 23, 2021

By Virginia Heffernan, includes “… In the current pandemic and economic downturn, a going-big windfall comes as excellent news. But it’s also puzzling. We can just let Daddy Warbucks, the U.S. Mint, rev the printers and make it rain? Has the government been holding out on us? … If the Biden stimulus goes through, and inflation doesn’t skyrocket, the experiment may bear out a new monetary theory. It could be time at last for the nation to stand tall, and unfurl its economy to its full height.”

Read the full article on: Los Angeles Times

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