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COVID Stimulus Money Lined the Pockets of Scammers and Fueled Inflation

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It’s a given at this point that much pandemic-related fiscal stimulus was lost to fraud. The government flooded the world with money, we were told, to offset the disruption of economies paralyzed by people minimizing social contact and (especially) by mandated closures. Sure, that was a crude “solution” to an avoidable problem. But government officials […]

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Say No to This: America’s Fiscal Norms Are in Decline

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Washington Post columnist Megan McArdle recently wrote that the best argument made in favor of limiting the size of the stimulus during the Great Recession—part of a larger conversation about austerity—was one of ethos. “We weren’t spending the money in theory,” she wrote, “or in 1945, when an ethos of fiscal responsibility prevailed. We were […]