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Andrés Velasco on Oil Shocks and Financial Crises

Economy
Global
Iniciada May 12, 2026

Yascha Mounk and Andrés Velasco discuss why the current energy crisis won’t repeat the 1970s—and what dangers lurk in today’s financial markets

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CLAIM Publicado por admin • May 12, 2026
The financial markets today are more interconnected and vulnerable, making them more susceptible to crises than in the 1970s.

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CLAIM Publicado por admin • May 12, 2026
Government intervention is essential to stabilize the economy during oil shocks, preventing potential financial collapses.

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CLAIM Publicado por admin • May 12, 2026
Over-reliance on past events like the 1970s oil crisis can lead to misguided policies that exacerbate today's financial instability.

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CLAIM Publicado por admin • May 12, 2026
While lessons from the 1970s are important, each crisis is unique and should be evaluated on its own terms to avoid misleading comparisons.

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CLAIM Publicado por admin • May 12, 2026
The current energy crisis presents an opportunity for innovation in renewable energy, which could lead to a sustainable future.

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