> As the rapid responses to the global financial crisis of 2007-09 and the Covid pandemic proved, governments can act speedily, collectively and decisively if t

> As the rapid responses to the global financial crisis of 2007-09 and the Covid pandemic proved, governments can act speedily, collectively and decisively if the crisis is deemed big enough. We have been, currently are, and will be feeling the negative repercussions of the government’s “speedy” and “decisive” actions for several decades. This is not a very good comparison.