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What Is The Value Of A Wharton Degree?

After the rush, brace yourself for the hangover.
That’s the warning from
experts with the
University of Pennsylvania’s Wharton Business School, who caution that plans for massive “stimulus" spending by the Biden administration will administer only a brief boost to the country followed by
a nasty and prolonged comedown.
Will someone please tell the “experts," there is no history of federal deficit spending creating a “nasty and prolonged comedown."
On the contrary, it is a
lack of federal spending that causes nasty recessions, and those recessions are cured by
increased federal deficit growth.
1817-1821: U. S. Federal Debt reduced 29%. Depression began 1819.

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Recovery from debt of COVID-19 relief spending poses challenges

Recovery from debt of COVID-19 relief spending poses challenges
By J.D. Tuccille
After the rush, brace yourself for the hangover. That's the warning from experts with the University of Pennsylvania's Wharton Business School, who caution that plans for massive "stimulus" spending by the Biden administration will administer only a brief boost to the country followed by a nasty and prolonged comedown.
The White House objects to the forecast, but it squares with earlier predictions from the Congressional Budget Office that accumulated debt, worsened by heavy pandemic-related spending, will hobble the economy for years to come.
President Joe Biden's proposed $1.9 trillion relief package would increase economic growth by 0.6 percent in 2021, according to analyses by the Penn Wharton Budget Model (PWBM). After that, though, it would start to slow the economy, decreasing GDP by 0.2 percent in 2022 and by 0.3 percent as late as 2040, showing lingering negative effects after the initial spending.

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Europe locked its economy in place. Unlocking it could be ugly

Europe locked its economy in place. Unlocking it could be ugly
Europe’s enthusiasm for job-furlough programs is partly based on Germany’s experience during the 2008-09 global financial crisis
(Bloomberg)Premium
Tom Fairless,
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For nearly a year, large swaths of Europe’s economy have been in a deep freeze.
Trillions in state-backed subsidies and inexpensive loans have kept businesses alive, while governments pay millions of furloughed workers to stay home. In much of Europe, layoffs or forced bankruptcies are banned.
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