The Economics of Stimulus Packages

The video discusses the economic crisis of 2020, highlighting government responses like stimulus packages and monetary policies. It examines Australia's effective response, including increased welfare and the Jobkeeper Payment. The concept of universal basic income is explored, noting its potential benefits and limitations during a crisis. The US response is critiqued for its focus on corporate support. The video emphasizes the importance of learning from these responses to better handle future crises.

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