1073: Mixed benefits of federal cash; disincentives and expanding government. @veroderugy
Image: George Washington inspecting the first money coined by the United States Veronique de Rugy, @veroderugy, Mercatus Center, in re: The $160 billion toward virus is the least problematic. In Virginia, our governor makes one stupid decision after another in distribution; centralization has been proven not to work. Teachers’s union: every possible way not to bring teachers into the classroom. In France, my niece has been in school five days a week since August. Increases in revenue during the depth of the lockdown. CARE Act plus the $600 bonus: many are making more than they would have had they held their jobs. Disincentive to working. Means-tested with a high threshold. Emergency unemployment benefits. Some of this will delay the recovery, and certainly not stimulate the economy with supply so constrained. Is President Biden pushing this money through in order to expand government? Yes. https://www.creators.com/read/veronique-de-rugy/01/21/joe-bidens-plan-to-build-the-united-states-of-italia