Jeff Deist - Nationalization of Industry Has Begun With Fed Buying Corporate Bonds

Posted by Vincent Tie on 06 May 2020


SBTV speaks with Jeff Deist, President of the Mises Institute, about why the shutdown of the U.S. economy is unjustified and how nationalization of industry has begun with the Federal Reserve starting to buy stocks.

Discussed in this interview:
01:43 Is the government responsible to manage this pandemic?
07:31 The One-Size-Fits-All plan to shutdown the U.S. economy
14:24 Blaming China for the cost of this pandemic
19:55 The Fed has taken money printing to a new record level
25:33 When the Fed starts buying stocks
32:08 The $200 trillion fiscal gap in social security and medicare
34:43 Nixon Shock of 1971 the root of modern monetary policy
45:40 Bitter medicine the sick U.S. economy needs to take

 

 

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