question 1: When the Great Financial Crisis struck in 2008, an event that occurred recently enough that I'm sure you all remember it well enough, it was often discussed as a failure of properregulation. In 2015, critics heaped praise on what (in my opinion) was a really great film called The Big Short which centered on the GFC and followed a cast of financial traders who betagainstthe US housing market. In that film, regulations are not discussed all that explicitly, but they serve as an important underlying component of its explanations for why the crisis struck. I have a few questions: what can regulations (generally speaking) do to help us to avoid crises? How did they factor into the GFC occurring? I highly recommend you watch The Big Short if you have not done so already!

question 2: The COVID crisis has itself ignited a likely more damaging recession than was the case with the GFC in 2008. What do you think needs to be done in order to respond to the problem of economic collapse that we are currently facing?