{"id":107899,"date":"2021-02-24T20:43:57","date_gmt":"2021-02-24T20:43:57","guid":{"rendered":"https:\/\/fin2me.com\/?p=107899"},"modified":"2021-02-24T20:43:57","modified_gmt":"2021-02-24T20:43:57","slug":"biden-covid-relief-package-not-a-free-lunch-harvard-economist-says","status":"publish","type":"post","link":"https:\/\/fin2me.com\/economy\/biden-covid-relief-package-not-a-free-lunch-harvard-economist-says\/","title":{"rendered":"Biden COVID relief package not a 'free lunch,' Harvard economist says"},"content":{"rendered":"

Biden’s COVID relief package not a ‘free lunch’: Harvard economist<\/h2>\n

Harvard University Economics Professor Kenneth Rogoff provides insight into Federal Reserve Chairman Jerome Powell’s testimony, bitcoin, and Biden\u2019s stimulus package.<\/p>\n

President Joe Biden’s proposed $1.9 trillion stimulus package is “what he can get done politically,” Harvard economist Kenneth Rogoff told FOX Business' “Mornings with Maria.”<\/p>\n

However, the passage of the bill does not mean the U.S. will receive a “free lunch,” he said.<\/p>\n

BIDEN LAYING GROUNDWORK FOR ANOTHER MASSIVE SPENDING BILL AFTER COVID-19 RELIEF PACKAGE: REPORT<\/p>\n

KENNETH ROGOFF: <\/strong>"Well, this may surprise you, but I'm broadly supportive of it. I think President Biden's got to take what he can get while he can get it, which may not be for long. Yes, there is a lot of spending in it, which is really hard to explain. It's not COVID-related.<\/em><\/p>\n

…<\/em><\/p>\n

Why do people… who are doing well need a transfer? Maybe the way money is being allocated to the states isn't the fairest, but nevertheless, it's what he can get done politically. And he's just taking it. And of course, that is not a free lunch.<\/em><\/p>\n

…<\/em><\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/p>\n

And all those people have been saying that… now some of the same ones are the ones panicking over inflation going up. But I would be better if he was doing infrastructure. That's what he should be doing, of course. But he's taking what he's got razor-thin majorities.<\/em><\/p>\n

…<\/em><\/p>\n

He doesn't have support for much. He thinks he can get this through. He has to get something through. So I understand why he's doing it. And I'm supportive of it, but not if you think it's a free lunch."<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Biden’s COVID relief package not a ‘free lunch’: Harvard economist Harvard University Economics Professor Kenneth Rogoff provides insight into Federal Reserve Chairman Jerome Powell’s testimony, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nBiden COVID relief package not a 'free lunch,' Harvard economist says - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/economy\/biden-covid-relief-package-not-a-free-lunch-harvard-economist-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden COVID relief package not a 'free lunch,' Harvard economist says - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Biden’s COVID relief package not a ‘free lunch’: Harvard economist Harvard University Economics Professor Kenneth Rogoff provides insight into Federal Reserve Chairman Jerome Powell’s testimony, [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/economy\/biden-covid-relief-package-not-a-free-lunch-harvard-economist-says\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-24T20:43:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/kKAxmodsDKvBBAcnyEkr.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1396\" \/>\n\t<meta property=\"og:image:height\" content=\"785\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/economy\/biden-covid-relief-package-not-a-free-lunch-harvard-economist-says\/\",\"url\":\"https:\/\/fin2me.com\/economy\/biden-covid-relief-package-not-a-free-lunch-harvard-economist-says\/\",\"name\":\"Biden COVID relief package not a 'free lunch,' Harvard economist says - 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