Economists: Biden’s $1,400 Covid-19 Checks May be Great Politics, but it’s Questionable Economics (Route Fifty)

Route Fifty: Economists: Biden’s $1,400 Covid-19 Checks May be Great Politics, but it’s Questionable Economics. “The coronavirus package contains a lot of provisions that will help struggling Americans, and we understand why the checks are so popular – with 78% support among adults in a recent survey. No one turns down extra money, after all. But as economists, we also believe that these direct payments make little economic sense – even with the lower income threshold. And this is true whether you think the purpose of the checks is relief or stimulus.”

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