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

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

Premium

The need for big spending will not, however, end with the pandemic. We also need to invest in our future.

5 min read Last Updated : Oct 20 2020 | 12:03 PM IST

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 (a) spend

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in