The Economy, Inflation, and Interest Rates

April 20, 2020

Normally, we’re not big fans of enhanced unemployment benefits. The current severe economic contraction brought about by the Coronavirus and the government-mandated shutdowns of businesses meant to stop the disease is a completely different animal from a normal recession. It’s not just that people are staying away from certain economic activities because of the virus: the government is requiring businesses to shut down, magnifying job losses across the country…

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