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This week's EconTalk talked about the general problem of responding to crises, and I found the guest's (and host's) take interesting (https://www.econtalk.org/m
by jkingsbery 6y ago
This week's EconTalk talked about the general problem of responding to crises, and I found the guest's (and host's) take interesting (https://www.econtalk.org/megan-mcardle-on-catastrophes-and-the-pandemic/ https://www.econtalk.org/megan-mcardle-on-catastrophes-and-t...). They talked about how often we respond to infrequent crises by trying to prevent them from happening again, but then that investment goes to waste because that crises doesn't happen again (or doesn't happen for a long time, after which the investment has depreciated). They both advocated for focusing on being more responsive to crises, since adaptability can help more generally across many types of crises.