176. Minouche Shafik — What We Owe Each Other: A New Social Contract for a Better Society
The Michael Shermer Show
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How to Recover From a Crisis
At the crisis point there, the country is simply unable to pay its own employees. It's usually t takes a combination of measures to try and recover from a crisis like that. The other thing that it's important to remember is that we're in a moment when interest rates are very, very low. So in a time of low interest ait probably make sense to borrow in a crisis. But there are times when it's very priate to take on a lot more debt.
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