Avoiding Another Lost Decade

Look Back in Anger (at the 07/08 Crash) Richard Kozul-Wright (pt2/4)

Look Back in Anger (at the 07/08 Crash) Richard Kozul-Wright (pt2/4)

In dealing with the Covid economic crisis, governments must not repeat the strategy of the last crisis, where the withdrawal of fiscal stimulus adversely impacted growth, the continuation of quantitative easing, and low-interest rates propelled asset prices ever higher. It led to a combination of high inequality, financial fragility, huge amounts of debt, and growing anxiety everywhere.

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