Refuting Some Economics Fallacies Related to the Corona Crisis
About this episode
Bob Murphy tackles some Keynesian and MMT fallacies that have resurfaced in light of the response to the coronavirus. In particular, he responds to Larry Summers, who viewed the lockdown as being akin to workers staying home over the weekend. And, then, to Neil Irwin on Twitter, who approvingly retweeted a thread arguing that it was mathematically impossible for state governments to have saved ahead of time in preparation.
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