5/1/20 Mike Swanson on the Coronavirus Economy

5/1/20 Mike Swanson on the Coronavirus Economy

Mike Swanson discusses all the money the U.S. government has pumped into the economy in order to combat the economic effects of the coronavirus, and what effects these stimulus measures are likely to have. Even though an huge increase in the money supply would normally lead to price inflation, Swanson says that the simultaneous deflationary pressures from all the shutdown of the economy could offset any inflation, at least until things reopen and we’re on our way out of the recession. This also means that wages might not rise and progress toward economic recovery could be slow. Just about the only thing investors can do, he explains, is to buy gold and silver, since traditional diversification strategies aren’t reliable right now.

Discussed on the show:

  • “Is This a Liquidity Crisis or a Solvency Crisis? It Matters to Fed” (WSJ)
  • Big Debt Crises

Mike Swanson provides investment advice at wallstreetwindow.com and is the author of The War State: The Cold War Origins Of The Military-Industrial Complex And The Power Elite. He also works with the Neopolis Media Group, a group of historians, educators, authors, researchers, and free speech advocates who endeavor to provide original and engaging content, including The Ochelli Effect, and The Lone Gunman Podcast.

This episode of the Scott Horton Show is sponsored by: NoDev NoOps NoIT, by Hussein Badakhchani; The War State, by Mike Swanson; WallStreetWindow.com; Tom Woods’ Liberty Classroom; ExpandDesigns.com/Scott; Listen and Think Audio; TheBumperSticker.com; and LibertyStickers.com.

Donate to the show through Patreon, PayPal, or Bitcoin: 1KGye7S3pk7XXJT6TzrbFephGDbdhYznTa.

About Scott Horton

Scott Horton is director of the Libertarian Institute, editorial director of Antiwar.com, host of Antiwar Radio on Pacifica, 90.7 FM KPFK in Los Angeles, California and podcasts the Scott Horton Show from ScottHorton.org. He’s the author of the 2017 book, Fool’s Errand: Time to End the War in Afghanistan and editor of The Great Ron Paul: The Scott Horton Show Interviews 2004–2019. He’s conducted more than 5,500 interviews since 2003. Scott lives in Austin, Texas with his wife, investigative reporter Larisa Alexandrovna Horton. He is a fan of, but no relation to the lawyer from Harper’s. Scott’s Twitter, YouTube, Patreon.

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