We don’t necessarily envy the role Steve Mnuchin has to play right now, but this article could’t help but get us thinking about the very tenets of the Economorals blog (particularly the last one on the list below). A refresher:
- Who gets to define “need”? Who gets to define “want”?
- Ask not (yet) what your economy can do for you.
- Ask not (yet) what you can do for your economy.
- Ask first: What purpose does your economic system serve in the first place?
- Ask then: How closely aligned are the views & values of popular economists to your own, as they relate to the previous question??
The Week: Coronavirus stimulus will make Mnuchin ‘one of the most powerful Cabinet members in modern history’
“…a $500 billion funding program, and Mnuchin will oversee how it’s distributed to local and state governments, as well as businesses, the Post notes. He’ll undoubtedly face pressure from corporate executives looking for bailouts from that fund, and will have to weigh those pleas alongside the needs of taxpayers.”