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Pandemic Bills (Holland et al.)

Pandemic Bills Are So Big That Only Money-Printing Can Pay Them by Ben Holland, Liz McCormick, and John Ainger published by Bloomberg (5/2020).


“Most modern economies have tried to keep the two activities as separate as possible. The typical setup has been for elected politicians to take charge of budgets, and meet any shortfall by borrowing on bond markets –- while the money-printing machinery was walled off in another branch of government, the central bank.

 But those barriers began to look porous after the financial crisis of 2008. And in the coronavirus slump, they’ve all but disappeared…”

Verificar em: https://bloom.bg/36p3m7n

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