Economist Ken Rogoff on whether the U.S. has ever experienced a crisis like this one

The video discusses the unprecedented global economic impact of the pandemic, drawing parallels to historical events like the Spanish influenza and World Wars. It highlights the challenges faced by different countries, especially in terms of economic recession and government responses. The discussion includes the need for massive economic measures, sector-specific interventions, and the importance of managing government debt to ensure recovery. The speaker emphasizes the war-like nature of the crisis and the necessity of winning this 'war' against the virus.

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