425. Remembrance of Economic Crises Past

Christina Romer, a leading economist and former chair of President Obama's Council of Economic Advisors, dives deep into the lessons learned from past economic crises. She compares the COVID-19 pandemic's impacts with those of the Great Depression and the 2008 recession. Romer discusses the necessity of federal support during downturns and emphasizes the importance of historical insights for future recovery strategies. She also highlights the dynamic nature of the U.S. economy and the importance of optimism amid ongoing challenges.