The Psychosocial Effects of The D-Word

Posted On Dec 23, 2020 By Addison Wiggin

Jim Rickards suggests the pandemic didn’t cause the depression. Rather, the policy response — i.e. lockdown of the economy — did. We witnessed no lockdowns during the Hong Kong Flu of 1968-69 after which the economy flourished. Jim walks us through how the policy response to the depression — itself caused by policy — is going to be neutral or worse.

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