The Impact of Shocks on the Economy

The podcast discusses the series of shocks that have affected the economy, including the 2008 recession, COVID-19, and geopolitical events. These shocks have led to constant and consistent intervention by the government on various levels. The result is an economy that is heavily influenced by monetary and fiscal policy interventions, making it difficult to discern what is real and what is artificial. The podcast also highlights the roller coaster nature of the economy, particularly with regard to the money supply, which has experienced significant growth followed by deceleration.