How the Coronavirus Broke the Global Economy

The video discusses the economic impact of the coronavirus, focusing on how economists have responded to the crisis. Adam Posen, president of the Peterson Institute for International Economics, shares insights on the strengths and weaknesses of economists in predicting and managing the shock. The conversation covers strategies like bridge loans and job preservation programs to maintain economic stability. It also explores potential shifts in government roles, emphasizing the need for stronger safety nets, especially in the gig economy, and learning from European models.

What measures were suggested to prevent businesses from going under during the economic crisis?

How might the pandemic change the public's attitude towards government support and safety nets?

What insights were shared regarding the fragility of jobs in the US compared to Europe?