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The better crisis response Jul 05,2021 - Last updated at Jul 05,2021 WASHINGTON, DC If a meteor hits Earth, a major natural disaster strikes, or any other shock of previously unanticipated dimensions occurs, how should economic policymakers respond? There are two plausible alternatives: focus on helping the financial sector, along the lines of what was done in 2008-09, or go as big as possible in helping everyone who needs help, as was done in 2020-21. While the 2008 crisis response was better than many alternatives, what was achieved in 2020 should become our reference point for dealing with systemic cataclysms. Next time, however, we need to do even better in terms of helping people at the lower end of the income distribution. This requires significant investments in social infrastructure that should really start today.

United statesJonathan gruberDonald trumpHillary clintonSimon johnsonInternational monetary fundSloan school of managementUs congressBerlin wallStarting americaProject syndicateஒன்றுபட்டது மாநிலங்களில்ஜொனாதன் க்ரூபர்டொனால்ட் துருப்புஹிலாரி கிளின்டன்சிமோன் ஜான்சன்