A Proposal for Social Insurance During the Pandemic published by Greg Mankiw’s Blog (4/2020).
There has been a lot of discussion about how to best help people through the difficult economic times being caused by the pandemic. Some economists have suggested keeping things simple and quick by sending lump-sum checks to all Americans. Other economists are concerned that such an approach is expensive if the checks are generous and is not sufficiently targeted on those who are hardest hit. But targeting takes time, is difficult because it requires identifying who most needs the money, and, if imperfectly done, may miss some people who are truly needy…”
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