Summary
- We want state governments to act ambitiously to take the necessary measures.
- Our proposal is for the Fed to use its 14(2)B authority at least in terms of offering to buy short-term municipal debt, specifically state and local government debt.
- All 50 states have seen a pretty big surge in jobless claims actually, including Alaska and Hawaii.
Seeking Alpha
by David Beckworth
Apr. 2, 2020