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Why It Matters

Bonus Episode: "A Medically Induced Economic Coma"

Why It Matters

Council on Foreign Relations

News

4.2876 Ratings

🗓️ 8 April 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

Is the coronavirus a zero-sum game in which we must choose between saving lives and saving the economy? In this episode, we sit down with two experts to find out.

Transcript

Click on a timestamp to play from that location

0:00.0

So the Why It Matters team, like everyone else, is home.

0:07.0

And it's hard. Things are scary.

0:11.0

I don't know about you, but I've been having endless video chats with my friends and family.

0:16.0

And aside from drinking wine while showing off completed puzzles or homemade bread,

0:21.0

we're mostly talking about two topics, health and the economy.

0:25.4

We bounce back and forth.

0:27.0

What starts as a question about how someone's feeling turns into an update about who lost

0:31.0

their job.

0:32.4

These conversations are happening everywhere.

0:35.0

Nobody wants to get sick. Nobody wants to lose their job.

0:39.0

And it can feel like it's one or the other.

0:41.0

As people deal with these worries, some politicians and

0:44.6

business leaders have called for a return to work in order to save the economy,

0:48.6

even at the expense of lives. It just keeps coming up and so we decided hey let's pick up the phone

0:56.4

and ask two of our fellows to help us understand the problem. One an expert on

1:01.4

health and the other an expert on the economy.

1:04.0

Just a heads up that this episode is going to have a different style than our other shows.

1:09.0

It's essentially two conversations without most of our usual music and narration and

1:13.7

pizzazz. Don't worry though we'll be back to our regular format and non-Corona

1:18.6

virus programming for our season 2 premiere in two weeks. But for now I'm Gabriel Sierra and this is why it matters.

1:27.0

Today saving the economy and saving lives. Do we have to choose? Okay, first up, Tom Boike, Senior Fellow for Global Health at the Council.

1:41.0

He's getting a lot of these calls so hopefully he's not

...

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