Last time we met in Orlando, Bob Murphy mentioned how much worse our political and social divide would be if the economy crashed like 2008. Now we face this very problem—with COVID-19 lockdowns and George Floyd protests decimating the economy and social media exposing raw animosity along racial and "woke" lines. Congress and the Fed have gone into overdrive creating new stimulus and "liquidity," but 40 million Americans are unemployed and major cities are still recovering from turmoil. The national debt tops $26 trillion while tax receipts at all levels of government plummet.
So what does it all mean for you, for freedom, and for the future of America—economic and otherwise?
Recorded in Orlando, Florida, on August 29, 2020. Special thanks to Mr. and Mrs. Greg Roe for making this event possible.
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Patrick is Assistant Professor of Economics at Florida Southern College. He completed his PhD in the Department of Economics at George Mason University. He is a 2018 Mises Institute Research Fellow.
