Adam Posen: ‘We overlooked how resilient people are’

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. When The Economist has a picture of a bull on its cover, that should be a sell signal. But the story is about how markets can’t keep rising so fast. So that’s a buy signal. What are we supposed to do? Wait for the cover of Barron’s tomorrow? If you have a better plan, email us: robert.armstrong@ft.com and ethan.wu@ft.com. Adam Posen is president of the Peterson Institute for International Economics. He has been a Federal Reserve economist, a consultant to governments and to the IMF, a fellow at Brookings, and a member of the monetary policy committee of the Bank of England. Below he talks with Unhedged about what we learned from the pandemic, what ails China, what to expect from artificial intelligence and much more. Unhedged: Over the past few years, we’ve done a massive macroeconomic policy experiment. What have we learned? Adam Pos

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. When The Economist has a picture of a bull on its cover, that should be a sell signal. But the story is about how markets can’t keep rising so fast. So that’s a buy signal. What are we supposed to do? Wait for the cover of Barron’s tomorrow? If you have a better plan, email us: robert.armstrong@ft.com and ethan.wu@ft.com. Adam Posen is president of the Peterson Institute for International Economics. He has been a Federal Reserve economist, a