A couple wearing masks crosses an almost deserted Times Square on April 13 in New York City. | Johannes Eisele/AFP via Getty Images

It’s not too late to save much of the economy — but America is still doing far too little.

Joseph Stiglitz knows the real risk in the middle of a historic pandemic and economic crisis is the United States doing too little, not too much. America doesn’t need to wait and see what happens before deciding whether to respond — the country went through a recession a decade ago.

“We’ve seen this movie before, we didn’t have to see it again,” the Nobel Prize-winning economist said in an exclusive interview with Vox.

There’s no question that an incredible amount of damage has already been done — you can’t un-bankrupt a business that’s already gone under — but