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Modern perspectives gold standard | Macroeconomics and monetary economics

Modern perspectives gold standard | Macroeconomics and monetary economics
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The Covid trauma has changed economics — maybe forever - The Hindu BusinessLine

Policymakers know how to create a recovery, but can they manage the boom? ....

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COVID-19 trauma has changed economics — maybe forever

The 2008 crash triggered a rethink, but the framework in place since the 1980s emerged relatively intact. The pandemic then cast those conventions aside around the world. ....

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Biden plan spurs fight over what 'infrastructure' really means

Biden plan spurs fight over what 'infrastructure' really means
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Budget Resolution Marks Important Step Toward Urgently Needed COVID Relief

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The House and Senate this week are considering the budget resolution for fiscal year 2021, a first step toward enacting much-needed COVID relief using the fast-track “reconciliation” process for high-priority fiscal legislation. The budget provides for a relief package costing up to $1.9 trillion and instructs various committees to craft the necessary legislation. Quickly advancing COVID relief legislation scaled to the challenges the nation faces isn’t just appropriate; it’s essential.
First, the economy remains weak and the virus isn’t yet under control. The jobs recovery stalled in December when private and government payrolls shrank by 140,000 jobs, leaving the economy with nearly 10 million fewer jobs overall than before the pandemic. Getting the virus under control is “the single most important economic growth policy that we have,” Federal Reserve Chairman Jerome Powell said last week. ....

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