The Nomad Economist: Biden’s Big Spending Plans will Not Revive the Economy


The Nomad Economist
Premiered Apr 21, 2021

On March 11, 2021, US president Biden introduced his $1.9 trillion covid-19 stimulus plan. The president also announced a plan of more than $2 trillion to rebuild US infrastructure, which includes repairing roads and bridges, as well as expanding access to long-term care services under Medicaid, building schools, and expanding internet access across the US.

It is commonly accepted that during difficult economic times the government should run large budget deficits in order to keep the economy going. This is because when overall demand in the economy weakens, the government should step in and boost its spending in order to provide support to demand. In this situation, a widening in the budget deficit in response to increased government outlays can be great news for the economy. It is held that the increase in demand will be followed by the production of goods and services. That is, demand generates supply.


If you wish to contact the author of any reader submitted guest post, you can give us an email at and we’ll forward your request to the author.

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles



Please enter your comment!
Please enter your name here