I'd recently shared a video by Tim Pool on Facebook about how people are refusing to work in order to continue receiving unemployment benefits, and my aunt asked "How the hell are we going to pay for this?" In this episode I explain Quantitative Easing, the effects of inflation, and end on how I think we got to this point: by the harmful economic parallel between Keynesianism and Socialism/Communism, a denial of Say's Law, frequent use of the Broken Window Fallacy, and a demand-side view of economics.
This is also my first "scripted" episode. Some of it was scripted and some not, because I'm thinking I might be better able to concisely articulate my ideas by scripting my episodes.
I might go between scripting episodes and winging it depending upon how much time I have to write a script and the necessity of having one.
Originally Published 05/20/20
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