Economic Risk and Threats
Paul and Russ discuss the potential long-term consequences of staying in a depressed economic state and the risks it poses to our democratic system and rule of law. They also highlight the disparity between those who are financially secure and those who are struggling during this crisis, emphasizing the human side of the situation. The conversation touches on historical examples of societal breakdown and the dangers of tearing down the current system.In this clip
From this podcast
EconTalk
Paul Romer on the COVID-19 Pandemic
Related Questions
How has the COVID-19 pandemic affected the economy as discussed in the episode Paul Romer on the COVID-19 Pandemic, the clip The Costly Strategies, and the episode Nassim Nicholas Taleb on the Pandemic, the clip The Cost of Uncertainty, and the episode Russ Roberts and Tyler Cowen on COVID-19 (recorded live March 18, 2020)?
Is Coronavirus a threat to the economy?
Could there be a global economic crisis as discussed in the episode David Kennedy on the Great Depression and the New Deal and the clip Hoover and Roosevelt's Economic Perspectives?