4min chapter

Odd Lots cover image

What Adam Tooze Learned About the World Last Year

Odd Lots

CHAPTER

What We Didn't Expect, You Know?

I had visions, i guess, of downward multipliers spiraling out from the service sector. What we didn't reckon with is the capaciousness of fiscal policy support that it might be possible to roll out. It's worth remembering how nervous folks felt in the last couple of weeks of december. You know, as recently as that there was still a huge sense of uncertainty about the possibility of the american political system reacting to the social crisis in this country. So those weren't developments which i anticipated.

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