The coronavirus is leading to a whole new way of economic thinking | Larry Elliott
by Larry Elliott from Economics | The Guardian on (#512RA)
The 1929 crash triggered a sea change. Ideas such as universal basic income suggest Covid-19 could do likewise
Rishi Sunak says the measures he has announced to support the economy are without precedent in peacetime, and he's right. Never before has the British state agreed to pay the wages of those at risk of losing their jobs. Never before has the government ordered the pubs to shut.
The chancellor is not the only one to see the struggle against the coronavirus pandemic as akin to a military operation. Boris Johnson sees this as the summer of 1940, with himself as Churchill.
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