Jason Furman's Reviews > The Resilient Society

An impressive tour of everything from the response to COVID to macro issues (monetary and fiscal policy), macro finance, inequality, climate change, globalization and more. Markus Brunnermeir uses "resilience" as the overarching concept (as in a reed that blows in the wind but is fine after the hurricane), in contrast to robustness (the oak that is strong but can get knocked down) or risk reduction (which he worries inhibits the risk taking needed for growth). Brunnermeir is in part marveling at some of the resilience that the global economies showed in the wake of COVID and speculating about what it teaches us about resilience in normal times. I found myself in agreement with almost everything he argued.