Fiscal pessimists are underestimating role of informal sector in reviving economy

Fiscal pessimists are underestimating role of informal sector in reviving economy

With a huge informal economy, government should increase spending, not worry about deficit

JANUARY 23, 2020 10:34:37 AM

To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day.