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)
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