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What should Joe Biden's economic policy be?: A large scale deficit spending

First things first: If Biden is inaugurated in January, he will inherit a nation still devastated by the coronavirus

Donald Trump | Joe Biden | US Presidential elections 2020

Paul Krugman | NYT 

What should Joe Biden’s economic policy be if he wins (and Democrats take the Senate, so that he can actually pass legislation)? I’m pretty sure I know what his economists think he should do, but I’m not equally sure that everyone on his political team fully gets it, and I’m worried that the news media will experience sticker shock — that is, they may not be ready for the price tag on what he should and probably will propose. So here’s what everyone should understand: Given the current and likely future state of the U.S. economy, it’s time to ...

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First Published: Tue, October 20 2020. 11:59 IST