American Monetary Association 378: The Price of Panic, The Human Advantage, Infiltrated by Jay W. Richards
Jay W. Richards is an Assistant Research Professor in the Busch School of Business and Fellow of the Institute for Human Ecology at The Catholic University of America.
Jay W. Richards talks with Jason Hartman about a few areas of poor practice when dealing with COVID-19. He breaks down how some of the panic began and was then exacerbated by the media.
Books:
The Price of Panic: How the Tyranny of Experts Turned a Pandemic into a Catastrophe
The Human Advantage: The Future of American Work in an Age of Smart Machines
Key Takeaways:
[3:00] The response COVID-19 might’ve been too much? It’s the first time the entire world has shut itself down.
[7:00] What’s the price of the panic?
[9:20] Why exactly did the panic happen?
[12:30] When you radically disrupt an economy, you kill people.
[14:00] What or who is the ‘tyranny of experts’?
[17:45] Common sense is not as common as we’d like it to be.
[18:45] Infiltrated the financial narrative of what happens in a financial crisis.
Websites:
Twitter: @doctorjayrichards
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN