The Economics of a Pandemic – What makes for good economic policy in the age of COVID-19? - with Dr. Ed Lazear

Hold These Truths with Dan Crenshaw

Dan Crenshaw

Politics, Energy, Healthcare, News, World, Society & Culture, Regulations, Finance, America, Freedom

4.6 • 16K Ratings

🗓️ 20 March 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

It has been exactly two months since the first case of coronavirus was detected in the United States. As the stock market continues to fall and businesses temporarily close, questions are mounting as to how to mitigate the economic impact of COVID-19. How is the current economic downturn different from the 2008 recession? What should be the overarching aim of our economic policy moving forward? How can Congress target the individuals and businesses that need assistance the most – both in the short-term and the long-term? Dr. Ed Lazear offers answers to these questions and more.

Dr. Ed Lazear is Senior Fellow at the Hoover Institution and a Professor of Economics at Stanford University’s Graduate School of Business. He served as Chairman of the Council of Economic Advisors under President George W. Bush from 2006 to 2009. Dr. Lazear is a labor economist by trade and is the founder of the field of economics known as “personnel economics.” His extensive research, which has appeared in numerous economic journals, has focused primarily on employee incentive structures and productivity in firms. Dr. Lazear is the recipient of over two dozen awards and fellowships and is a frequent contributor to Wall Street Journal.

Transcript

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0:00.0	We hold these truths to be self-evident.
0:02.0	That all men are created.
0:04.0	Because I remember Congress, I get to have a lot of really interesting people in the office.
0:07.0	Experts on what they're talking about.
0:09.0	This is the podcast for insights into the issues.
0:11.0	China, bio-terrorism, Medicare for all, in-depth discussions.
0:16.0	Breaking it down into simple terms.
0:18.0	We hold these truths with Dan Crenshaw.
0:25.0	Hello everybody and welcome back to the show.
0:27.0	The next few episodes are going to be Corona virus centric.
0:32.0	I know you're sick of hearing about the coronavirus, but I promise you we actually have some interesting takes here.
0:37.0	And I think these next few podcasts will be what we're doing about it and what we should be doing about it, especially from the economic stimulus standpoint.
0:46.0	So to help us with that conversation today, I have with me Dr. Ed Lazier.
0:52.0	Dr. Ed Lazier, thank you so much for being with us today.
0:56.0	Pleasure, thank you, thanks for having me on.
0:58.0	So I want to give people your background real quick.
1:01.0	Actually we got connected because your former research assistant, Ariel Davidson, is now on my staff and she's great.
1:07.0	So I'm glad we took her from you.
1:10.0	Now, but you have quite a bit of history in an experience with times like this.
1:16.0	Because you were the chairman of the Council of Economic Advisors under George W. Bush.
1:21.0	In 2006 to 2009, we all know what happened during that time with the financial crisis.
1:26.0	So you have a great deal of experience with economic stimulus and the debates that occur within that.
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