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.

 


Founded in Sarasota in 1960, New College of Florida is the state's only legislatively designated Honors College of Florida. New College prepares intellectually curious students for lives of great achievement by providing a highly individualized education that integrates academic rigor with career-building experiences. New College offers 45 undergraduate majors in liberal arts and sciences, a master’s degree program in data science, and certificates in technology, finance, and business skills.

Inquiries about this article can be made to 941-487-4157 or to email us.

Do you know of an event or story we should share? Tell us about it.

Related News

In the media

Why We Should be Funding More Solyndras (editorial by NCF’s Mark Paul)

November 23, 2020

MIT Technology Review, November 19, 2020 The US bet big on a solar energy firm that went bankrupt. But if…

In the media

We need a Civilian Conservation Corps for forest management

September 25, 2020

From The Hill, September 25, 2020 Catastrophic wildfires have brought orange skies and devastation to the Western U.S. The exceptional…

In the media

Economists Refute Claims Of Campaign Targeted At $15 Minimum Wage Amendment

August 24, 2020

From WUSF, August 21, 2020 Florida’s minimum wage is $8.56, meaning a person working full time would make just under…