#85: How To Put The Economy Into A Coma — Chris Edmond & Steve Hamilton

Show notes

Selected links

• Follow Chris Edmond: Website | Twitter
• Follow Steve Hamilton: Website | Twitter
• ‘A Rush Back to ‘Normal’ Would Be the Blunder of the Century’, WIRED’s interview of Larry Summers
• ‘Impact of non-pharmaceutical interventions to reduce COVID-19 mortality and healthcare demand’, Imperial College London paper by Neil Ferguson et al
• ‘How the recession we have to have can be sharp but short’, The Australian Financial Review article by Steve Hamilton and Stan Veuger
• ‘Coronavirus: payroll subsidy will save the economy’, The Australian article by Chris Edmond and Bruce Preston

Topics discussed

• What happens to an economy when non-essential workers are told to stay home? 9:22
• The false choice between health and economic outcomes. 20:53
• How long do lockdowns need to last? 36:39
• Are Australia’s lockdowns hard enough? 43:46
• What does pandemic-appropriate fiscal stimulus look like? 46:29
• Is this the end of surplus fetishism? 59:45
• JobKeeper. 1:06:44
• Will Australia see further rounds of stimulus? 1:19:21
• Is the financial economy healthy? 1:22:33
• Which one piece of advice would Steve and Chris give to the Australian Government? 1:26:26