Take urgent cash at all costs, but please return it

This is an economic crisis and it’s right that government takes unprecedented steps to compensate employees and the self-employed from huge income hits. But how are we going to pay for these decisions? Eventually taxes will go up, but governments need to raise cash right now as tax revenues fall and spending surges. [...]

China is sick, but it is much deeper than coronavirus

In China, people from the city of Wuhan are jokingly referred to as “nine-headed birds” because of their habit of inveterate squabbling. In recent weeks, though, an eerie silence has descended on their world. Empty streets, empty malls. Everyone kept indoors. The government says 80,000 are infected by coronavirus, [...]
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