The Future of Economics

When there's an existential threat, all this crap goes out the window. And people throw huge amounts of money into the system. So I guess that's one thing we can probably focus on is like reviving our economy through, I guess fighting against climate change. That might be one hope. It's a revolution. The reason we got out of the Great Depression was the Second World War. But what actually happened during opening England's case, in particular, is quite dramatic. In the first year, 1940, the budget deficit in the UK was 40% of GDP. Now the current Japan thinking about a deficit of three. We just want to mobilize physical resources. They're the ones with