DiscoverThe DailyWhy This Recession Will Be Different
Why This Recession Will Be Different

Why This Recession Will Be Different

Update: 2020-03-1675
Share

Description

In past financial crises, central banks across the world developed a time-tested tool kit to rescue national economies. So why don’t previous interventions seem to be working this time? Guest: Peter S. Goodman, who writes about the economy for The New York Times. For more information on today’s episode, visit nytimes.com/thedaily. 

Background reading: 

  • The Federal Reserve cut interest rates to near zero and said it would buy hundreds of billions of dollars in U.S. government debt, moves reminiscent of its actions during the 2008 financial crisis.
  • The coronavirus is upending life as we know it — and news is changing rapidly. Here are the latest updates on school closings, travel restrictions and governmental directives.
Comments (1)

Andi-Roo Libecap

It's almost like they thought putting a piece of tape over a broken arm would fix the problem. For maybe two minutes it will ease a bit of pain, but when that thing snaps it's gonna hurt like hell. Maybe they should like read books on how money works. I can lend them my library card...

Mar 17th
Reply
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Why This Recession Will Be Different

Why This Recession Will Be Different