What It Will Take to Save Economies From the Coronavirus Pandemic

Traders at the New York Stock Exchange watch President Donald Trump’s televised White House news conference, March 18, 2020 (AP photo by Mark Lennihan).
Traders at the New York Stock Exchange watch President Donald Trump’s televised White House news conference, March 18, 2020 (AP photo by Mark Lennihan).

Editor’s Note: You can find all of our coverage of the coronavirus pandemic here. If you would like to help support our work, please consider taking advantage of our subscription offer here. In 1873, Walter Bagehot, a prominent businessman in British high society and a journalist who served for 16 years as editor-in-chief of The Economist, wrote a treatise on banking and finance in which he left his most enduring mark on the world. In “Lombard Street: A Description of the Money Market,” he laid out a playbook for policymakers facing an unfolding economic and financial crisis. When up against […]

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