Is There a Crisis in the Real Economy?

Sam Glover: One thing we learned between 2008 and 2022 is that there's a sort of like endless number of things that central banks can do to prop up a market or fix a particular liquidity issue. And so I think those relative shortages have just been thrown into sharp relief by 2020," he says. "I think it's going to be hard for governments to forget that, which is why you've seen more of an emphasis on how we actually build up strategically critical infrastructure"