Jeremy Grantham: US must embrace 'second coming of the Marshall Plan'
'It is the commercial bargain of all time'
Co-founder of GMO Jeremy Grantham
Co-founder of GMO Jeremy Grantham has called upon the winner of tomorrow's (3 November) US Presidential Election to instigate a "second coming of the Marshall Plan" with a major fiscal programme to address depressed economic growth, rising inequality, negative real interest rates, the economic impact of Covid-19, and the potentially "incalculable" cost of climate change.
In a paper published on Monday (2 November) Grantham urged US leaders to embrace the spirit of the post-World War II recovery programme, with "a long, sustained and massive public works program" to "jolt...
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