Economics
U.S. Should Open Taps on Fiscal Stimulus, Ex-Obama Adviser Says
- Low rates mean public investments can pay for themselves
- Harvard professor Furman spoke on Stephanomics podcast
This article is for subscribers only.
Low interest rates call for a revolution in thinking about government debt and borrowing and should strengthen President-elect Joe Biden’s resolve in putting fiscal stimulus at the top of his agenda, according to Harvard University professor Jason Furman.
The new administration must get Covid-19 under control, but also spend to ensure that Americans are able to resume consumption once that happens, the former Chair of President Barack Obama’s Council of Economic Advisers told Bloomberg’s Stephanomics podcast.