Economy

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    How far will your federal coronavirus payment go?

    For some people, there is never enough money. A writer for a policy group on the left grouses this time about the paltriness of federal payments to taxpayers by deliberately understating the amount of money a family could receive and overstating the costs to be borne. Some money is better…
    Joseph Coletti, March 30, 2020
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    American businesses and innovators stepping up

    Helen Raleigh of the Federalist assesses one aspect of the private sector’s response to the coronavirus pandemic. As confirmed Wuhan coronavirus cases in the United States surpass 60,000, our nation is in war mode. Winning a war requires all hands on deck. It appears American businesses and innovators…
    Mitch Kokai, March 30, 2020
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    Don’t call the federal aid package stimulus

    Editors at National Review Online don’t want to see Congress’ coronavirus aid package mislabeled. What is before Congress is not a stimulus bill. We have often opposed stimulus bills in the past, considering it a mistake for the federal government to borrow money to expand a depressed economy.
    Mitch Kokai, March 27, 2020
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    This weekend on Carolina Journal Radio

    The COVID-19 coronavirus pandemic has disrupted everyone’s life. Rick Henderson analyzes the likely impact on 2020 elections for the next edition of Carolina Journal Radio. Terry Stoops assesses the long-term effects of coronavirus-related school closings. N.C. State economist Michael Walden discusses potential short- and long-term impacts on…
    Mitch Kokai, March 27, 2020
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    “If we keep up our current strategy of suppression based on indiscriminate social distance for 12 to 18 months, most of us will still be alive. It is our economy that will be dead.”

    That’s the conclusion of a recent NYT opinion piece by economist Paul Romer. In “Will Our Economy Die From Coronavirus?,” Romer recommends an alternative to our current strategy: To protect our way of life, we need to shift within a couple of months to a targeted approach…
    Jon Guze, March 26, 2020
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    The health care bottleneck

    Nathanael Blake argues in a Federalist column that the economy was never going to survive the COVID-19 pandemic unscathed. Keeping the economy humming along like normal was never an option. Even without government intervention, much of our society would eventually shut down on its own. No doubt some…
    Mitch Kokai, March 26, 2020
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    The pandemic’s impact on economic relations with China

    Joel Gehrke of the Washington Examiner reports on one potential economic impact of the COVID-19 pandemic. American companies that produce essential goods in China should plan to shift their operations back to the United States or other Western countries, according to a senior Republican lawmaker. “We’re staring into…
    Mitch Kokai, March 26, 2020
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    A look ahead to the post COVID-19 recovery

    Andrew Stuttaford explains at National Review Online why we should not expect a quick recovery from the economic hit triggered by the coronavirus. The economic numbers are beginning to come in, and, predictably enough, just about wherever you check, they are appalling. In Pennsylvania alone last week there…
    Mitch Kokai, March 26, 2020