5min chapter

The Joe Walker Podcast cover image

Ken Henry — An Economic Odyssey

The Joe Walker Podcast

CHAPTER

The Importance of War Games in Dealing With Recessions

In a senior strategy meeting of the treasury in 2004, Martin Parkinson remarked to you that you and he were the only two in the room with our lived experience of the 1990, 91 recession. In part it was to deal with the risk of silos that you get in any organization, but it was more than that. And I said, you know, I think we need to war games, some scenario, such what we need to do. We just need to do that. Let's hope we never have another one,. But we have all people. We should ensure that where the government tends to for advice, even when we find ourselves in that sort of position.

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