The Economic Perspective: “Can the Relief Plan Be Too Big?”

Mary: I’m Mary Walden, with economist MW, welcoming you to the economic
perspective. Today’s program asks, can the relief plan be too big. Mike, another
Covid-19 relief plan is working its way through Congress. However, there’s been a
debate about the size of the plan. The Administration wants a $1.9 trillion plan. Some
elected officials, as well as some economists, say this is too big. What’s this debate
about?
Mike: Summary Answer
a. Looks like Covid will be with us for a while
b. Administration wants to have in place financial assistance that will be
available throughout the summer and into the fall
c. Opponents have two responses
d. One – as vaccines are deployed and consumer and business confidence
improves, expect more re-openings and more jobs – so economy will be
providing some of its own relief
e. Two – inflation
f. I’m MW
Mary: And I’m Mary Walden for the Economic Perspective, an NC State Extension
program from the Department of Agricultural and Resource Economics.