Viewsroom: How to run virus bailouts
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 20 March 2020
⏱️ 23 minutes
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| 0:00.0 | The views expressed on this podcast are those of the participants, not of Roiders' News. |
| 0:10.0 | Welcome to the Views Room, a podcast from Reuters' Breaking Views. |
| 0:14.0 | I'm Anna Schmansey. |
| 0:16.0 | Economies around the world are taking big hits as the rapid spread of the coronavirus prompts |
| 0:21.5 | governments to warn citizens to stay at home and companies to shutter operations. |
| 0:26.5 | That has already prompted central banks to cut rates and dust off lending support programs |
| 0:31.1 | not used since the 2008 financial crisis. |
| 0:35.2 | Also rearing its head from that meltdown is the question of when and how government |
| 0:39.3 | should bail out companies, not least airlines and hotels. Joining me from their lockdowns in |
| 0:45.6 | London and Brooklyn are Peter Thiel Larson and Anthony Curry. Welcome both of you. |
| 0:51.6 | Hello. Hello. So, Anthony, maybe I'll, maybe I'll start with you. Why don't you |
| 0:59.2 | walk me through, like when we're thinking about bailouts, what really should, what are the |
| 1:04.1 | main things the government should be thinking? Well, the first thing he's got to do is sort |
| 1:08.6 | out what it thinks its role is. So, you know, |
| 1:11.5 | we may well be past this stage anyway already. And Peter's probably got some thoughts on this. |
| 1:16.1 | But first of all, it's like, okay, we need to make sure we keep critical parts of the economy going. |
| 1:21.4 | And of course, you speak to different politicians. They'll come up what they think are critical |
| 1:25.1 | parts of the economy. Is it automators? Is it |
| 1:27.5 | oil producers? Is it hospitals? I mean, you could easily say yes to all three of those. Is it |
| 1:33.0 | cruise liners? Probably not. But when you get to the stage right now where just about every kind of |
| 1:39.4 | industry seems to be in crisis mode, as all of us are now stuck at home in so many parts of America |
| 1:45.7 | and certainly parts of Britain and Europe, then you start thinking, okay, is it about just |
... |
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