Mar 17, 2021
As President Biden tours the American heartland touting his administration’s 1.9 trillion USD Covid-19 relief package laced with numerous tax tweaks and giveaways, we are convening two economic scholars to explore the confusing in-between that both America and the EU find themselves in—Bertrand Badré, who wrote Do We (Seriously) Wish to Change the World? (2020) upon serving as World Bank MD, and Martin Sandbu, the Financial Times' European Economics Commentator. On one hand, the imperative to relieve businesses, families and governments of the prolonged financial shock to their finances. On the other, the luring temptation to remake the economy on healthier grounds, socially and environmentally. Is the latter a siren song that could turn against the former? What are the lessons to be drawn from the interaction of policy and economic fundamentals over the past year, Covid-19 itself, and even prior crises in recent memory?
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