Why Current Economic Crisis Will be ‘W-Shape’ & Uninsured Health Again Surge Beyond 50m–radio interview
May 20, 2020 by jackrasmus
Listen to my radio interview of 5-19-20 with ‘By Any Means Necessary’ Radio and my explanation why current health-economic crisis will continue for years, in ‘W-Shape’ recovery with relapses later this year and in 2021. Why Fed central bank monetary policy will NOT lead to more investment, restoration of bank lending, business production, and return of consumer spending (given current 47m jobless and actual 28% unemployment rate). The limits of Fed monetary policy solutions, including MMT. What happens to the additional 45m now jobless health coverage come August? Or when extended unemployment benefits expire in August? Comment on Mark Cuban’s proposal for a $4k/mo guaranteed income to be spent within one week of receipt.
TO
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https://www.spreaker.com/user/radiosputnik/economist-medicare-for-all-stimulus-for-
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Great post. I would suggest that the “recovery” is not V or even W but a saw tooth going down to flat line.
Youmay be right. ‘Sawtooth’ suggests a series of short, shallow recoveries amidst a continuing steady slowing further of the economy, a kind of declining equilibrium at increasingnly lower levels of output.