Time to relax global travel restrictions
Aug 02,2021 - Last updated at Aug 02,2021
By Peter Boone and Simon Johnson
WASHINGTON, DC Anyone who risks a visit to Canada these days needs to take care. Canadians are threatening six months in jail, and up to $750,000 in fines, for disobeying testing and quarantine rules upon arrival. In the United Kingdom, the health secretary warned that travellers arriving from outside the UK could face ten years in prison for inaccurately recording their previous whereabouts on entry forms. The Biden administration recently extended the outright ban preventing most non-Americans in Europe from traveling to the United States, with threats of fines and deportation for non-compliance.
Time to relax global travel restrictions
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The billionaire space race is good for you: Jeff Bezos, Richard Branson, Elon Musk and the rest of humanity
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The better crisis response
Jul 05,2021 - Last updated at Jul 05,2021
WASHINGTON, DC If a meteor hits Earth, a major natural disaster strikes, or any other shock of previously unanticipated dimensions occurs, how should economic policymakers respond? There are two plausible alternatives: focus on helping the financial sector, along the lines of what was done in 2008-09, or go as big as possible in helping everyone who needs help, as was done in 2020-21. While the 2008 crisis response was better than many alternatives, what was achieved in 2020 should become our reference point for dealing with systemic cataclysms.
Next time, however, we need to do even better in terms of helping people at the lower end of the income distribution. This requires significant investments in social infrastructure that should really start today.
The better crisis response
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