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The Global Financial System Was Better Prepared for the Pandemic Than 2008
Posted
May 12, 2020
Views
5,474
Likes
82
Comments
11
Engagement
1.70%
May 12, 2020
5,474
82
11
1.70%
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1:05:49Now PlayingA year ago, the stock market was hitting record-highs, unemployment numbers were at record-lows, and the recession of 2008 looked like a distant memory. But in spite of the rosy outlook ahead, a thorny question still remained: Are the fundamentals of the financial system safer now than they were before the financial crisis? If a new financial catastrophe were to strike, would we be better prepared? We posed that question to our debaters, with the against side ultimately taking the day.
Now a year later, and with the emergence of a global pandemic, we're able to put the debater’s arguments to the ultimate test – whose claims have been vindicated by this unprecedented event?
FOR THE MOTION:
Jason Furman - Former Chairman, Council of Economic Advisers
AGAINST THE MOTION
Gillian Tett - Editor-at-Large, Financial Times (U.S.)
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