Economic Crisis in the Anthropocene: Adam Tooze for Opinion Has It

Adam Tooze considers what the pandemic should teach us about managing a new era of crises. The PS Say More Newsletter | [View this message in a web browser]( In this week's newsletter, we present the newest episode of our podcast, Opinion Has It. Every other week in Opinion Has It, host Elmira Bayrasli is joined by a leading expert to examine a critical and timely issue. Economic Crisis in the Anthropocene In this episode, Elmira Bayrasli talks with Adam Tooze, a professor of history at Columbia University, and the author of [Shutdown: How COVID Shook the World’s Economy](. Listen now on [PS]( [Acast]( [Apple]( [Google]( or [Spotify](. The COVID-19 pandemic triggered the swiftest and most comprehensive contraction of global economic activity ever. With crises set to proliferate – not least because of climate change – the successes and failures of the pandemic response should serve as lessons for governments everywhere. This week on the podcast, [Adam Tooze]( considers what those lessons should be. [Listen now]( Opinion Has It is also available on your favorite listening app. Listen now on [Acast]( [Apple]( [Google]( or [Spotify](. In this episode... Elmira Bayrasli: There’s an even more fundamental question here. Monetary policy has played an unprecedented role in the response to the two most recent major crises. Here, I’m talking about the 2008 global financial meltdown, and now the pandemic. How should this change our understanding of the proper role of central banks? Adam Tooze: Oh yeah. Yeah. I mean, “change” is a little understating it. Like, it’s blown what we used to think the appropriate role of central banks was out of the water. I mean, you talk to any central banker now, they’ll sort of tell you – when they’re speaking honestly – because... [Read the transcript]( Listen now on [PS]( [Acast]( [Apple]( [Google]( or [Spotify](. [PS Events: New Summits]( Previously in Opinion Has It [The End of the Indispensable Nation]( [The End of the Indispensable Nation]( with [Stephen Wertheim]( a senior fellow in the American Statecraft Program at the Carnegie Endowment for International Peace Twenty years ago, the September 11 terrorist attacks invigorated America’s sense of itself as the “indispensable nation.” But its actions since then have failed to improve global security and have endangered those who it claimed to be helping. Listen now on [PS]( [Acast]( [Apple]( [Google]( or [Spotify](. Or [read the transcript](. [Check out the Opinion Has It archive]( Previously in Say More [Climate Week Special Edition]( [Climate Week Special Edition]( In this special Say More feature, three leading experts – Director of Policy Research in Macroeconomics [Ann Pettifor]( former World Bank Managing Director [Mamphela Ramphele]( and Harvard professor [Kenneth Rogoff]( – examine the new green economics the world needs, and how public finance fits into it. Pettifor, Ramphele, and Rogoff will be discussing these topics and more at our upcoming live virtual events: [New Summits]( tomorrow, September 15, and [Building the Green Consensus]( on September 20. Register for free today. [Check out the Say More archive]( [PS Events: Building the Green Consensus]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.