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Which Post-Pandemic Government?

Although the COVID-19 pandemic has shown why high-level coordination is sometimes necessary for managing emergencies, it has also underscored the...

The best approach is a middle path, with a slight bias in favor of decentralization.

  • Raghuram G. Rajan
  • Project Syndicate

CHICAGO – Even with the COVID-19 pandemic still raging, speculation has turned to what society will look like afterward.

Citizens, shocked by how easily their lives can be upended, will want to reduce risk.

According to the emerging new consensus, they will favor more government intervention to stimulate demand (by…

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