Liquidity And Transparency: Why Tax Neutral Hubs Matter In Critical Times

Governments around the world have taken dramatic action to address the health risks caused by COVID-19, but doing so has also created a wide range of significant economic risks as well. While health is the top priority, it's also critical that countries maintain functional economies that will be a vital component in their long-term recovery. As in previous crises, liquidity is once again becoming a leading ingredient in that effort.

Writing on the opinion pages of the New York Times, professor at the Stanford University Graduate School of Business professor, Hoover Institution fellow, and former chairman of the President's Council of Economic Advisers, Ed Lazear, argued that providing liquidity was more important than stimulating demand right now.