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Toward a Coherent Economic Strategy for COVID-19

Although the COVID-19 crisis has been widely compared to the 2008 market collapse, a better analogy is the terrorist attacks of September 11, 2001. After that tragedy, the US government identified the root cause of the economic fallout and devised an effective strategy to address it.

STANFORD – The United States needs a clearer economic strategy to deal with the COVID-19 pandemic. While the crisis is unique in many ways, the economic-policy approach following the terrorist attacks of September 11, 2001, seems to be the most useful historical analogue.

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