Wars are rare things that you try and avoid. You know, recessions are rare things that you try and avoid. This idea that you can have a relatively stable economy growing nearly all quarters. Now, that’s not normal by historical standards. And that’s what I think of as the normal world. How would you characterize the economy now?įelix Salmon: I think what you were used to, what everyone was used to, was a world which had a direction, right? It had an arrow, and sometimes the arrow was going up and sometimes the arrow was going down. There was in the sort of Trump years, you know, relatively low inflation and tight labor markets and high wage growth was the first time we sort of dug our way out of the hole of the great recession. There was, of course, the great financial crisis and the aftermath of that. I mean, I, you know, started covering politics post 2001. There’s a interrupted school and all this stuff.Īnd a huge part of the story in the last year or two to me is how a society begins to emerge from the worst parts of that experience, both the pandemic itself and its health effects, and then the knock-on effects socially of all the dislocation. There’s this sort of isolation and loneliness of dislocation. And so much of it kind of memory hold, partly, I think, subsumed underneath kind of a collective trauma, a desire to kind of like look at the horizon and not backwards, partly because it was just so difficult.īoth, there’s personal trauma of people who have lingering health issues, who lost loved ones, who went through, you know, awful circumstances. There’s so much disruption that we’ve experienced over the last two to three years. I think if you listen to this podcast, it’s something that I keep coming back to. Also describing me as having a shtick about COVID, which I don’t think I quite realized until I read this person saying that my shtick is that COVID and our reaction to it is underutilized as an explanation in almost all facets of life. It’s mostly good, comma, I promise, exclamation point in parentheses is one of my favorite reviews of our podcast. Now, I thought this is a very funny comment for a bunch of reasons. And his shtick is COVID and our reaction to it is underutilized and is an explanation in almost all facets of life. And the text said the following: Chris Hayes hosts an interview podcast, parentheses, “it’s mostly good, I promise”, parentheses. And then it had a screenshot image of some text. It just said, the subject line was, this is totally my book, exclamation point. ![]() ![]() And we just have to expect that.Ĭhris Hayes: Hello and welcome to "Why Is This Happening?" with me your host, Chris Hayes.Ī few weeks ago, I got a email from a journalist and writer that I’ve known for a long time. And so, all of that is going to really profoundly increase volatility and unpredictability. And you know, global climate change is going to cause dislocations, which make COVID look like a head cold. We’ve already had Russia invade Ukraine.Īnd then underneath all of that is the mother, great big daddy of them all, which is climate change. The, you know, big risk right now, of course, in the next few years is going to be that China invades Taiwan. There’s no way we’re going to go another 100 years without a pandemic. ![]() Felix Salmon: There will be another pandemic.
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