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798 - COVID, Innovation, and Optimism with Matt Ridley
The James Altucher Show
What's the Point of the Pandemic?
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People in every industry, from restaurants to banks and law firms have stopped going to work. Some economists say it's permanent because of monetary stimulus. Other people say it's transitory, because eventually those ships that are stuck will get through. I think we're clearly going to debauch our currency in the west,. And that'll help people who owe money, and it won't help people who lend money. So we're going to go through one of those episodes where we redistribute money in probably undeserving directions.
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