Debate: How should governments get us out of a coronavirus 'Great Depression'?

But the collapse in economic output has torn through countries' finances.

Tough choices loom. Choices which could set the tone of our politics and society for the next decade at least. So which way should we jump?

We're joined from the US by the economic historian and author, Niall Ferguson, a senior fellow at the Hoover Institution at Stanford University – and Stephanie Kelton, a professor of economics at Stony Brook University who’s advised Democrat presidential candidate Bernie Sanders, as well as the progressive Congresswoman Alexandria Ocasio-Cortez. She’s now advising Joe Biden’s campaign.

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[SleepingGiantAfrica]

According to the data, about 16 of the 25 years from 1946 to 1970 were deficit years for the government coffers. So yh, I don't know where Ferguson got that info from.
Please like this comment so that the facts are allowed to speak for themselves..

[chrisjohnson]

It's taken a second crisis but finally we are beginning to see the likes of Stephanie Kelton on mainstream TV talking about economics. Because a decade ago the alternative thinkers were either ignored or pushed to the sides & out of the way.

[pcraig]

Austerity is economic mal-practice. Niall is a debt and deficit scold and soon will be a 'has been' if he doesn't come around to MMT.

[resisthouse]

get Mark Blythe on if you're going to talk about the economy

[Maddie]

I used to worry about the deficit but I no longer do.

[OnTheLooseGoose]

I think we should either take the view that the market ecosystem decides a business' fate and so let industries fail/ adapt if the ecosystem decides we don't need them anymore OR we need to acknowledge that nobody succeeds on their own, it's the society as a whole which allows businesses to thrive, and so they should pay their effing taxes if they want to government to bail them out in times of crisis. We've got a weird half way house where we pretend businesses stand entirely on their own when times are good, and then give them socialism they haven't paid for when times are bad.

[denieerham]

some american expert still thinks that money grows on trees

[thefuturAI]

Good interview, both angles explained well!

[Christinebanks]

Cutting off unemployment, opening the economy back up again !

[DStJohn-jqev]

Government creates problem. Government comes up with solution.Government makes things worse.

[forzabowe]

By lifting the lockdown and social distancing restrictions and get people back to work, no furlough

[jonyw]

where is the money to expend public expenditure

[qeoo]

MMT 🤣🤣🤣🤣 clueless "economist"

[mamnoona]

What we need true independent scientist debate with real science to discuss the way out - virologist biologist immune system sociologists GPs nurses economists multidisciplinary approach

[thomyoutube]

To answer the question posed by the video title - governments should seek the most practical method with the highest likelihood of success and not get bogged down with the political games and power games being played by various groups in society, nor seek to further unduly empower governments, central banks or large corporations at the expense of the public and small businesses.

[enzoferrari]

They love giving the employment losses.

[tommy]

'who pays for this? the government'...is she serious?! i can't tell if this is supposed to be some weird kind of comedy?