# The Covid-19 Economy **URL:** **By** Ryan Bourne, Diego Zuluaga, Aaron Ross Powell, Trevor Burrus **Published:** May 1, 2020 --- Ryan Bourne and Diego Zuluaga come back to the show to talk about how both fiscal and monetary policy are changing drastically to respond to COVID-19. Ryan Bourne and Diego Zuluaga come back to the show to talk about how fiscal and monetary policy are changing drastically to respond to COVID-19. We are operating in a world of radical uncertainty. We are still unsure of how many people have been infected by the novel coronavirus. Every uncertainty affects how the stock market responds. However, it is reasonable to expect the American economy to boom back strongly in 1-3 years. How is the COVID-19 recession different than the 2007-2009 financial crisis? What industries are hurt the most by COVID-19? How do you define an economic recession? Is the market a discovery mechanism? Should individuals receive direct support from the government? ## Further Reading: [When the Waterbed Bursts](https://www.cato.org/blog/when-waterbed-bursts), written by Diego Zuluaga [The Unprecedented Stock-Market Reaction to COVID-19](https://insight.kellogg.northwestern.edu/article/what-explains-the-unprecedented-stock-market-reaction-to-covid-19), written by Scott R. Baker [Minimum Wage Laws Will Weaken Recovery](https://www.cato.org/blog/minimum-wage-laws-will-weaken-recovery), written by Chris Edwards and Ryan Bourne ## Related Content: [Tech Goes Viral (with Alec Stapp)](https://www.libertarianism.org/podcasts/building-tomorrow/tech-goes-viral), Building Tomorrow Podcast [Libertarianism and the Coronavirus Pandemic](https://www.libertarianism.org/columns/libertarianism-coronavirus-pandemic), written by Andy Craig [Exploring Wealth Inequality](https://www.libertarianism.org/podcasts/free-thoughts/exploring-wealth-inequality), Free Thoughts Podcast