History, not dismal science, forecasts hope, according to economist Edinaldo Tebaldi, Ph.D.

Edinaldo Tebaldi, Ph.D., Professor of Economics and former World Bank economist, says that “dismal scientists” (economists) who claim to know how the COVID-19 pandemic crisis will play out for the economy “are in a dark room looking for a black cat that is simply not there, yet still making assumptions about the cat.” He notes that we’ve learned a lot from previous crises such as the Great Depression and believes, “We can do better this time.”