"As the COVID-19 crisis deepens, my fellow economists have reached deep into their bare cupboards of old ideas, and what have they found?," writes economist and LBJ Professor James Galbraith in the Los Angeles Times.
"Models that do not work: bailouts for big companies. Tax cuts for people well-off enough to owe taxes. Cash-grant schemes, a favorite of the universal-income crowd.
In recent weeks, COVID-19 has reshaped the way Americans live, work, learn and govern. In response, the Lyndon B. Johnson School of Public Affairs at The University of Texas at Austin will convene "LBJ In the Arena," an eight-week virtual event series exploring the impact of COVID-19 on our communities, starting April 1, 2020.
"Tax rebates, tax cuts and business bailouts will not solve this crisis," argues conomist and LBJ Professor James Galbraith of the U.S. government response to the COVID-19 emergency. He lays out the steps that the government should take right away to mitigate damage and preserve public health and order.