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his terrific new book, first friends. but first, here s my take. we re now a year and a half into the pandemic, which is enough time to start looking back and drawing real lessons, especially when comparing it to the last great jolt to the international system, the global financial crisis. did we learn any lessons from 2008? have we handled this one any better? at first glance, the comparison would seem to favor the present. about 18 months into the 2008 crisis, say by the middle of 2009, u.s. unemployment was still climbing to its highest numbers in decades. the stock market was struggling out of one of the worst collapses in history. housing foreclosures were spiraling to their worst levels ever. by contrast, today with half the population vaccinated, the american economy is roaring. growth rates rival the reagan
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