4.4 • 848 Ratings
🗓️ 15 April 2020
⏱️ 31 minutes
🧾️ Download transcript
Former Treasury Secretary Larry Summers helped get us through the 2008 financial crisis. He has some ideas about what to do to get through this one.
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0:00.0 | Pushkin. |
0:08.7 | It's hard to read the news these days without asking yourself, how did we get here? |
0:13.8 | Fiasco is a history podcast for the co-creators of Slow Burn. |
0:17.6 | In our first season, Bush v. Gore, we examined an unmistakable turning point in American |
0:22.1 | politics, the 2000 election, which resulted in a high-stakes stalemate, ended with one of the most |
0:27.7 | controversial rulings in Supreme Court history. So if you're trying to make sense at the present |
0:32.0 | moment, check out Fiasco, Bush v. Gore. Listen on theHeart Radio app, Apple Podcasts, or wherever you listen to podcasts. |
0:40.7 | From Pushkin Industries, this is deep background, the show where we explore the stories behind the |
0:46.6 | stories in the news. I'm Noah Feldman. As the coronavirus pandemic continues, the economic situation |
0:53.7 | is becoming more dire by the day. |
0:56.7 | Not only have an enormous number of businesses closed, but more people have filed for unemployment |
1:01.8 | here in the United States faster than at any other time in our history. |
1:07.1 | Meanwhile, no one can say for certain when this will end. |
1:11.6 | What should the government be doing to help? |
1:14.2 | Are massive bailout or stimulus packages that inject money into the economy actually effective? |
1:20.6 | What other options are there facing us? |
1:23.5 | To discuss these extremely pressing questions, we're joined by Lawrence Summers of Harvard University. |
1:30.6 | Larry was chief economist of the World Bank. |
1:33.4 | He was first deputy secretary of the Treasury under President Clinton and then secretary of the Treasury. |
1:38.5 | He was president of Harvard University. |
1:40.8 | And then as an advisor to Barack Obama, he helped pull our country through another financial crisis, the one in 2008. |
1:48.0 | We spoke on Monday afternoon. |
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