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The Tom Woods Show

Ep. 1614 Peter Schiff on the Economics of the Coronavirus

The Tom Woods Show

Tom Woods

Politics, Government, News

4.83.4K Ratings

🗓️ 19 March 2020

⏱️ 43 minutes

🧾️ Download transcript

Summary

Uncertainty casts a shadow over everything right now, as people wonder how long the coronavirus problem will persist and how intense it will become. Some people face questions about employment and staying afloat during the coming weeks and possibly even months. Meanwhile, the Federal Reserve and the federal government are talking about and even taking radical action. Peter Schiff joins me to talk some sense.

Transcript

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0:00.0

The Tom Wood Show, episode 1614.

0:03.2

Prepare to set fire to the index card of allowable opinion.

0:07.8

Your daily dose of liberty education starts here.

0:11.3

The Tom Wood Show.

0:14.4

Folks, all your friends think they know what went wrong in 2008.

0:17.9

Why there was deregulation and we need more skulls cracked by the state to prevent that kind of

0:23.9

crisis from ever happening again. Well, this is entirely false and you can build up your ammunition

0:29.0

against it by reading my free ebook, the deregulation boogieman, over at regulationmiths.com.

0:36.4

Hey, everybody, Tom Woods here. I got Peter Schiff on with me to talk about the economic fallout

0:42.0

from this ongoing coronavirus crisis. Of course, you know, Peter Schiff chances are,

0:47.4

if you listen to this program, you may, some of you, have first heard of me when I was a fill-in host

0:52.1

over on the old Peter Schiff Show when he used to have a terrestrial radio program.

0:56.4

But of course, you can listen to Peter on the Peter Schiff podcast over at shiffradio.com.

1:01.5

He's a best-selling author and chief economist and global strategist with Euro-Pacific Capital.

1:06.7

Peter, welcome back. Well, thanks for welcoming me back, Tom. Peter, who the heck else am I going to

1:11.3

have on? I don't know. There's not, you know, there's not that many of us out there that you could

1:15.3

talk to. But, you know, all the fools are on network television spewing off a bunch of nonsense.

1:20.9

So at least you could have someone on your podcast who actually not only predicted what's happening

1:25.7

now, but understands why it's happening and why everything that's now being proposed

1:30.7

is simply going to make it worse. All right. So obviously, we've got on our hands a disaster of

1:37.9

overwhelming proportions, both health-wise, potentially and economically, without a doubt.

1:43.8

So let's start, first of all, with the overall picture that we're facing here. I mean, we have this

...

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