The U.S. Economy Is on a Long Slide Down Since COVID-19

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Kathy Krumholz: I'd like to get your sense of what is going on right now. She says we've had very bad fiscal policies since COVID-19, huge increases in debt. The U.S. has been on a long slide down since the mid-1980s, she says. "I personally believe that we have a lot more problems going ahead of us until we do fundamentally solve the problem of monetary and fiscal policy"

On this episode of For Your Innovation, we wanted to highlight last week’s special edition of “In the Know,” a monthly video series featuring ARK CEO/CIO, Cathie Wood. In this special episode, Cathie is joined by her mentor, former professor, and advisor to ARK Investment Management LLC, Dr. Art Laffer. Famous for the Laffer Curve, Art is an economist and was named one of Time’s Greatest Minds of the 20th Century.

Together, Cathie and Art dive into the recent banking crisis and the world of cryptoassets.

We hope you find this monthly series useful, especially during periods of heightened volatility. Stay Healthy. Stay Innovative.

“It’s not up to congress to allow or not allow crypto. It shouldn’t be.” – Dr. Art Laffer Episode Timestamps