The $1.9 trillion stimulus bill has made its way through both houses of Congress and is on the way to President Biden's desk. Prof Wolff joins Boom Bust to lend his analysis and forecasts about the potential efficacy of the programs within the bill.
"Will it give a boost to the economy? In the short run probably yes... For me what's the key issue here is the sustainability of whatever boost it gets and I don't think it's enough, and I think it's very late in the day. So I'm very worried that the promises and the great hopes that have been generated here will not see fruition beyond that initial boost."