Money for Nothing: House’s Relief Package Is Unnecessary

Money for Nothing: House’s Relief Package Is Unnecessary
People walk on the boardwalk as the area re-opens from the coronavirus pandemic, in Ocean City, Maryland, on May 10, 2020. Eric Thayer/Getty Images
Daniel Lacalle
Updated:
Commentary
The crisis caused by the forced shutdown of the economy has given us some important lessons: No. 1, shutting down the economy entirely is a dangerous experiment with important long-term implications, and No. 2, there’s no such thing as “lives or the economy.”
Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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