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Mind Pump: Raw Fitness Truth

1270: Peter Schiff on the Post COVID-19 Economy & How to Thrive

01:33:32

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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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