How massive expansion of coronavirus unemployment benefits could backfire

When both the Republican and Democratic establishments came together to pass a $2.2 trillion coronavirus relief bill, signed into law by President Trump at the end of March, long-term impact and unintended consequences weren’t exactly top of mind — merely satisfying the urge to “do something!” in response to the coronavirus crisis was the real goal for most nervous politicians fearing backlash at home. This is not exactly a recipe for sound policymaking.-- More...