New College Economist Says a Massive ‘Green Stimulus’ Could Boost the Economy

From Sarasota Magazine, April 21, 2020

‘It has never been cheaper to invest in the green economy we need,’ says Mark Paul.

By Cooper Levey-Baker  4/21/2020 at 2:51pm

In the past month, shutdowns caused by the COVID-19 pandemic have thrown more than 22 million Americans out of work, and experts say the current unemployment rate could already be higher than 20 percent, up from just 3.5 percent as recently as February. To help struggling individuals and businesses, Congress has already approved $2 trillion in spending, with another $500 billion perhaps in the works.

Mark Paul, an assistant professor of economics and environmental studies at New College of Florida, says such spending offers “relief” to Americans, but he argues that “recovery” programs must follow.

 


Located in Sarasota, New College of Florida has educated intellectually curious students for lives of great achievement since its founding in 1960. As the State of Florida’s designated honors college, New College provides an exceptional education that transforms students’ intellectual curiosity into personal accomplishment. The 110-acre campus on Sarasota Bay is home to more than 800 students and 80 full-time faculty engaged in interdisciplinary research and collaborative learning. New College offers nearly 40 areas of concentration for undergraduates and a master’s degree program in Data Science.

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