In March, the United States government got a massive, multi-trillion-dollar injection from its central bank (the Federal Reserve) in order to stave off the industrial damage done by major business shutdowns due to COVID-19.
The U.S. government then pumped a record amount of cash right back into the nation’s money supply to stimulate the economy.
However, how big is too big when it comes to the size and scope of a government’s role in controlling its nation’s economic outcome?
In a recent interview with CNBC, Moyo gave her outlook on what today’s version of big government is and where it will be in the future.
“It’s absolutely the case in my mind where governments are big and are going to get bigger,” Moyo told CNBC.
