The False Crisis Comparison

The False Crisis Comparison

March 23, 2020 10:45 am

NEW HAVEN – In an effort to get a handle on the economic and financial consequences of the COVID-19 pandemic, the first instinct is to search for precedents and remedies in earlier crises. Many have pointed to the 2008 global financial crisis (GFC) as the most relevant example, especially in the aftermath of the extraordinary monetary-policy actions announced by the US Federal Reserve on March 15. That would be an unfortunate mistake.

Trending

thumb-pic1
Nepal faces severe disruptions in internet service after ISPs fail to pay the Indian vendor
thumb-pic1
Govt urges ISPs to settle outstanding tax liabilities amid internet service disruptions
thumb-pic1
Cricketer Lamicchane warns to disclose names of those involved in conspiracy against him
thumb-pic1
Supreme Court sets new precedent, distinguishes marital rape from rape in a landmark ruling
thumb-pic1
Tibet to purchase haylage and animal fodder from Nepal
thumb-pic1
Nepal will need an investment of Rs 6.1 trillion to produce 28,500 MW of electricity by 2035
thumb-pic1
Embassy of Nepal in Canada advises Nepali students on travel preparations amid reports of hardships and exploitation
thumb-pic1
Flights resume at PRIA after four-day closure
More

Just In