Follow the link for the full summary:

https://markusacademy.substack.com/p/the-us-response-to-covid-19

Link to sign up for the webinar series:

https://markusacademy.substack.com/

On April 27, 2020, Joseph Stiglitz joined the Princeton Bendheim Center for Finance for a webinar on COVID-19. Stiglitz is a Professor at Columbia University and a 2001 recipient of the Nobel Prize in Economics.

Download the slides here.

Timestamps:

[0:00] Markus’ introduction

[10:31] Beginning of Stiglitz’s presentation

[16:46] Background: US was ill-prepared for crisis

[20:47] Objective of government programs

[21:44] Maintaining health

[24:45] Underlying economics

[29:29] Protecting the vulnerable and maintaining workers’ link with workplace

[33:17] Explaining the failure

[36:50] Further problems with PPP

[43:55] Establishing pre-conditions for strong and quick recovery: providing liquidity

[45:22] Three critical risks for the recovery
[53:52] Worries about inflation?
[58:05] Audience questions