Why we can’t just blame capitalism for everything
The Gray Area with Sean Illing
Government Intervention in Recessions
Government intervention during the pandemic demonstrated the ability to mitigate the harmful effects of recessions. By providing stimulus checks and enhanced unemployment benefits, poverty decreased despite economic downturn. This approach distributes the cost of economic adjustment more equitably across society, contrasting with past responses that disproportionately affected vulnerable workers. The government can make recessions optional by shielding people during business cycles.
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