is a ‘Debt Jubilee’ The Only Way to Avoid a Depression?

The Washington Post just ran an interesting op-ed from a research professor of economics at the University of Missouri:
Massive social distancing, with its accompanying job losses, stock dives and huge bailouts to corporations, raises the threat of a depression. But it doesn’t have to be this way. History offers us another alternative in such situations: a debt jubilee. This slate-cleaning, balance-restoring…

Trump Says Fed Should Cut Rates and Lift Economy

President Trump said on Friday that he wants another round of quantitative easing from the central bank. Source: https://www.nytimes.com/2019/04/05/business/economy/trump-fed-interest-rates.html?partner=rss&emc=rss