5min chapter

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How To Put The Economy Into A Coma - Chris Edmond & Steve Hamilton

The Joe Walker Podcast

CHAPTER

The Keynesian Style Spiraling Loss of Income Spending Demand

In a normal recession you have to keep people in jobs, and you have to give people income support. What's unusual here is you have both the supply side elements and the demand side elements happening simultaneously. And then I think the attractive thing about some of the policies that Steve was advocating is they offer the chance of fixing both of these things at the same time. Right? So it's not like we don't necessarily want to go all the way through this but as I thought experiment with my colleague Chris Hancocks on what would work best for us right now. Willys: "I'm going to start by saying there are no easy answers"

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