Global Economic Recovery

A general theme throughout my posts on COVID-19 is that many of the cracks that the pandemic has exposed were already there. This theme is described eloquently by Economist Tyler Cowen in his work on The Great Reset. He uses a metaphor of canaries in coal mines to describe the warning signals that represent greater and broader stress. In the past week, I’ve seen multiple references to dead canaries knee deep in coal mines.  In a recent New York Times Article authored by Neil Irwin he echoes this sentiment:

“But one lesson of these episodes of economic tumult is that those surprising ripple effects tend to result from longstanding unaddressed frailties. Crises have a way of bringing to the fore issues that are easy to ignore in good times.”

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