Below is an extract of a post published on Guardian titled "Will sky-high unemployment lead to authoritarianism or progress? | Barry Eichengreen"
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Make america great again.- Donald Trump.
What counts is not necessarily the size of the dog in the fight. It's the size of the fight in the dog.- Dwight D. Eisenhower.
The best executive is the one who has sense enough to pick good men to do what wants done, and self-restraint to keep from meddling with them while they do it.- Theodore Roosevelt.
Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak and esteem to all.- George Washington.
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Via: Guardian
The fallout from coronavirus could help undermine Reagan-era principles and renew a sense of national interdependence Coronavirus – live US updates Live global updates See all our coronavirus coverage Does the huge surge in US unemployment claims announced on Thursday mean that we are doomed to endure the 30% unemployment of which the Federal Reserve Bank of St Louis has warned? The answer is no. How high unemployment rises will depend on how quickly we ramp up testing and the provision of protective equipment, enabling us to determine when and where it is safe to return to work. If ever there was a circumstance suited to rehabilitate experts and encourage respect for politicians who defer to them, this is it Related: A shutdown - but not for government: how US federal employees provide vital services Ultimately, it was national security that begat social security Barry Eichengreen is the George C Pardee and Helen N Pardee professor of economics and professor of political science at the University of California, Berkeley Continue reading…
