Should We Worry About the Deficit?

About This Event

In April 2020, the federal government started sending stimulus payments to tens of millions of Americans and providing funding to businesses to help them weather the sharpest economic contraction since the Great Depression. As the coronavirus continues to spread and unemployment numbers race past 30 million, there are growing calls to expand government support, but critics contend that such a course of action is unaffordable and will mire the country in massive debt. Stephanie Kelton joins the Chicago Council on Global Affairs to explain why she believes that a fundamental rethinking of deficits is essential to get the United States through this crisis—and to claim a more equitable recovery.