Since releasing my book, I have frequently been asked, “How do you know when a government gets the emergency?” Here are my four markers for when you know that a government has shifted into emergency mode:
1) It spends what it takes to win;
2) It creates new economic institutions to get the job done;
3) It shifts from voluntary and incentive-based policies to mandatory measures;
4) It tells the truth about the severity of the crisis and communicates a sense of urgency about the measures necessary to combat it.
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