For the Coronavirus Economy, This Time Truly Is Different
There’s little debate that Covid-19 has crushed economies and triggered government rescue efforts not seen in modern times. On this week’s episode, World Bank Chief Economist Carmen Reinhart and fellow Harvard professor Kenneth Rogoff, authors of “This Time Is Different: Eight Centuries of Financial Folly,” discuss what comes next with Bloomberg Economics executive editor Simon Kennedy.
The depth of the U.S. recession isn’t the only way in which this time is different. While tens of millions are newly unemployed or working fewer hours, new pandemic-adjacent occupations are emerging. Host…
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