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Read more about GALBRAITH: We need food, medicine and safety, not tax cuts, to face coronavirus
GALBRAITH: We need food, medicine and safety, not tax cuts, to face coronavirus

By James K. Galbraith, Los Angeles Times (TNS) As the COVID-19 crisis deepens, my fellow economists have reached deep into their bare cupboards of old ideas, and what have they found? Models that do not work: bailouts for big companies. Tax cuts for people well-off enough to owe taxes. Cash-grant schemes, a favorite of the universal income crowd. These tactics won’t be effective. We cannot predict

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