Rethinking Fiscal Policy and Debt for a Post-Pandemic World
Rethinking Fiscal Policy and Debt for a Post-Pandemic World Regional Trade Blocs How They Reshape Global Commerce Trade War Economics Tariffs Retaliation and Consumer Costs Understanding Trade Deficits Are They Always Harmful The pandemic COVID-19 did what no war or financial crisis had in recent history. It made the governments of the world spend money concurrently. Lockdowns closed businesses. Supply chains broke. Millions lost jobs. In order to avoid complete economic devastation, governments borrowed and spent to unprecedented levels. Today, decades later, the world suffers the repercussions. Debt is higher. Inflation has been persistent. Interest rates are up. Knowing the effects of fiscal policy in this new reality is important to everyone who owns a business and is a citizen. This course will discuss what is meant by fiscal policy and why it is important. Fiscal policy is nothing more than the use of spending and taxes to shape the economy. If the economy is not doing well enoug...