Economic Shifts and Future Implications

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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• 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
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• Mind Pump Free Resources

Featured Guest

• Peter Schiff (@PeterSchiff)  Twitter
• Europac
• Schiff Gold
• YouTube
• Podcast