Phase 2- C.A.R.E. Security Act & PPP - 032720
The $2.1 trillion stimulus bill President Trump signed into law Friday, called "The Coronavirus Aid, Relief, and Economic Security Act," will disburse emergency relief throughout the economy. The showcase piece is the approximately $500 billion in direct payments to households. For business, the law includes almost $1 trillion in assistance to small and large employers and also includes some tax and regulatory relief.

After Coronavirus, We Will Have to Reckon With the Debt

3/30/20
from The Wall Street Journal,
3/29/20:

The post-financial-crisis playbook may not be the right one this time.

Moral hazard is dead. Central banks have printed record amounts of money to save financiers and allow indebted governments to keep spending. Inflation is inevitable. If all that sounds familiar, it’s because those were the views of buyers of gold and other inflation protection in 2009. They were wrong then, but they’re at it again—and this time they might be right.

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