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Financial Historian: COVID-19 Economic Depression
Financial Historian: COVID-19 Economic Depression | Tooze Sees Prolonged Unemployment | GZERO World
May 06, 2020
While some European economies have experienced depression in modern times, the US hasn't seen one since the 1930s. In a conversation with Ian Bremmer for GZERO World, Economic Historian Adam Tooze points to a dangerous mix of rising unemployment, skittish investors, and a lack of a social safety net as signs that it's time to discuss the possibility of prolonged economic depression.
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