What Impact Will The $2 Trillion Stimulus Package Have On The U.S. Economy?

In this episode Feliciano School of Business professor of Economics, Dr. David Axelrod, shares his opinion on what impact the recent $2 trillion stimulus package will have on the U.S. economy.  This interview was taped on April 3, 2020.

Dr. Axelrod discusses several questions related to the stimulus plan, including the following:

• Was the funding disproportionately given to large corporations?
• Will large corporations use the stimulus funds for stock buy backs?
• Is this a form of socialism?
• Will this cause unemployed Americans to not seek employment?
• Will there be another stimulus package if the economy doesn't recover?

Dr. Axelrod received his Ph.D. in Economics from Rutgers University in 1990, with the dissertation Three Essays on Latency in Economics and Decision Making. He has taught at Montclair State University as an adjunct professor since 2013. Previously, he worked in finance for twenty years as an economist, consultant and actuarial analyst, including positions with Falcon Management, Volvo Finance, and Crum & Forster. He has also produced research in health economics, and the nature of choice and well-being. Dr. Axelrod provides holonomic consultation and workshops. He plays electric bass, and has released over a dozen albums of original music.