Governments Are Using the Coronavirus to Distract From Their Own Failures
Fight coronavirus with an inflationary fever?
(From Mises)China and Hong Kong have promised massive spending programs to “offset the economic impact.” Huge white elephants, unnecessary public spending projects to disguise the economic impact of an event, can generate a much worse effect and accelerate the path to stagflation.
Reprinted from: https://www.ac2news.com/2020/03/governments-are-using-the-coronavirus-to-distract-from-their-own-failures/
