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We are now in the acute economic phase of a crisis that is unprecedented in modern times — a health crisis from the coronavirus pandemic that has sparked a follow-on economic crisis. In this inaugural episode of EconoFact Chats, Dan Sichel at Wellesley College speaks with EconoFact’s Executive Editor Michael Klein about the economics of the COVID-19 crisis, what makes this crisis unique, and what lessons we can draw from the Great Depression and the 2008 financial crisis. For more, read Dan Sichel’s EconoFact memo How do economic crises end?
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