More fiscal stimulus - a podcast by WHRO Public Media

Another round of fiscal stimulus is coming from Congress and there’s one group that won’t be included, at least directly, and that’s large companies that were already in trouble. Regular listeners know that I’ve long touted the importance of low debt levels, as the piper always wants to be paid. According to three Harvard professors and one from the University of Chicago, that payment may come in the form of up to eight million jobs if all of those companies went under. The choice, though, is to include them in the stimulus and run the risk of burdening the taxpayer with their debt as they may fail anyway. Congress is also loathe to reward companies for poor decisions as it would encourage others to do the same, a lesson learned in the last financial crisis. To learn more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dominion University.

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