The Senate finally reached an agreement on a new stimulus. In this episode, Alex looks at why the first stimulus bill since May is trying to fix the wrong problem. He cites economists who mention that normally during a recession, you want to incentivize people to get back to work and you want firms to invest more. However, with a pandemic, you want to pay people not to work. Alex discusses how Europe seems to have found the right approach in which they have nationalized payroll systems instead of expanding unemployment. In Spain, furloughed citizens still get 70% of their paycheck.He feels that the US is too caught up in a philosophical debate over the role of the federal government, and this has hurt COVID-19 relief. Is Alex right?