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The Economic Perspective: “Potential Costs of the Costly Covid Bill”

Mary: This is Mary Walden with economist MW welcoming you to the economic
perspective. Today’s program looks at potential costs of the costly Covid bill. Mike, the
new Covid relief bill is a whooper. It’s $1.9 trillion, and it includes stimulus checks,
supplements to unemployment compensation, support for children, help for state and
local governments, as well as numerous other kinds of assistance. Polls show the bill to
be overwhelmingly popular. But are there any possible downsides?
Summary Answer
a. Inflation
b. Stock market
c. Debt – slower future growth
d. 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.