Berkeley News podcast that features lectures and conversations at UC Berkeley.
UC Berkeley economics professor Martha Olney says that in the 1920s, households bought durable goods — cars, appliances, furniture, jewelry — which led to a quickly booming economy. But today, because more than 60% of what the U.S. produces are services, it will take longer to bounce back from the recession caused by the pandemic. (Flickr photo)
In this episode of
Berkeley Talks , Martha Olney, a teaching professor of economics at UC Berkeley, discusses the economic forecast — how the post-pandemic U.S. economy might compare to that of the so-called roaring ‘20s.