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…