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Op-Ed: Immediate Fiscal Spending Can Save Lives from COVID-19
The Coronavirus pandemic constitutes the third and world’s greatest financial, social, and
economic shock of the 21st Century, after 9/11/ and the 2008 Global Financial Crisis. Many
countries have implemented different policy response measures, yet the pandemic continues to
wreak havoc on their populace. Production has halted in many countries, disrupting supply
chains across the world, and causing a steep drop in consumption alongside investor confidence.
Countries are implementing stringent restrictions, but COVID-19 rage continues. Pandemic
emergency response pundits support lockdown policies, but new within-country infections,
deaths, and devastating economic implications are reported by hour. Italy’s government-imposed
state of emergency lockdown was a warning from the future, but immediate fiscal spending can
save millions of lives from Coronavirus.
The case for immediate fiscal spending is that it facilitates, expands, and supports
measures for cont...
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