The Conversation: Joe Biden’s US$1.9 trillion stimulus won’t be enough to reignite world economy on its own

Michael Kitson, University Senior Lecturer in International Macroeconomics at Cambridge Judge Business School, discusses Joe Biden’s US$1.9 trillion stimulus to reignite the US economy. “The impact of this fiscal stimulus on the US economy will depend on how consumers and producers respond. Simply, will consumers spend more and not save their extra income, and will producers invest more and not scrap capacity?”

Read the full article [theconversation.com]