Burman quoted in Albany Times Union article on federal aid for NYS

Len Burman 2019Without federal intervention, states will have to lay people off or raise taxes, which is counterproductive during a deep recession, says Len Burman, Paul Volcker Chair in Behavioral Economics. "This is a huge crisis," he says. "Even if we have an effective vaccine that comes online in the next few months, it’s going to take us a long time to recover and it’s going to be a lot worse if the federal government doesn’t take action." Read more in the Albany Times Union article "Cuomo pleads for federal aid, some experts say New York should fix itself." 09/10/20