In this episode, Sal, Adam & Justin talk with well-known economist and author, Peter Schiff, on the likely long-term effect of COVID-19 on the economy.

How the medicine may be worse than the disease. (4:21)
The difference between money and wealth. (11:34)
What causes inflation? (14:43)
The consequences of inflation in history. (17:39)
His predictions for the economy post-COVID-19. (22:40)
Why is the government doing what they are doing? (25:55)
Is American life better off today? (31:50)
The war on savings and how to escape this inflation tax. (40:15)
Keynesian vs Austrian economics. (49:05)
The concept of artificial demand and economies of scale. (56:03)
What is it to stop a private company from creating their own currency? (1:01:51)
What will happen with the US dollar? (1:07:53)
Is it smart to buy real assets? (1:12:50)
How the government always creates a crisis by interfering with capitalism. (1:15:45)
How will this crisis affect the 2020 election? (1:19:20)
The COVID-19 impact on human behavior. (1:22:54)
The problems with the ‘everything’ bubble. (1:26:01)

Related Links/Products Mentioned

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Amazon.com: Peter Schiff books
How World War II Still Determines Your Tax Bill - TIME
Keynesian Economics
Coronavirus hyperinflation risk looms, buy gold: Peter Schiff
What is Austrian Economics?
Economies of Scale
Anti-Money Laundering Initiatives Under the USA Patriot Act
Man who predicted the 2008 financial crisis says coronavirus may mean his bets of stock-market carnage are finally beginning to crystallize
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