“The old phrase, ‘Whatever doesn’t kill you makes you stronger’ — I think applies in spades to the economy in the aftermath of this pandemic,” explains MIT economist Andrew Lo in this Knowable original video. Lo explains the immediate financial impacts of Covid-19 on the economy, comparing that with what happened in the 2008 Financial Crisis and during the 1918 influenza pandemic. He explains the different effects seen on Main Street and Wall Street, and discusses why, despite the hardships, the overall economy remains strong and may even flourish in the years following the pandemic.

Read more:

Reset: The Science of Crisis & Recovery
https://knowmag.org/3dL9aMD

2008 Financial Crisis: A Ten-Year Review
https://www.annualreviews.org/page/fi...

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