Liz Hoffman,  Business and Finance Editor at Semafor and author of Crash Landing: The Inside Story of How the World's Biggest Companies Survived an Economy on the Brink, joins The Realignment to discuss the tradeoffs between economic efficiency and resilience, why the roots of the COVID crash lay in the splitscreen performance of the American economy in the 2010s (stock market highs for top, stagnation for the bottom), which companies and industries won the post-COVID economic moment, and how the overwhelming governmental response in 2020 indicates a changed approach to future crashes.

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