THE DAY THEY HALTED AMERICA: MARCH 16, 2020: 3/4: When Politicians Panicked: The New Coronavirus, Expert Opinion, and a Tragic Lapse of Reason by John Tamny (Author), George Gilder(Foreword)
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 15 December 2024
⏱️ 11 minutes
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Summary
https://www.amazon.com/When-Politicians-Panicked-Coronavirus-Opinion/dp/1642938378/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=
When Politicians Panicked tells the tragic story of how, in response to a spreading virus, global politicians mindlessly pursued economic desperation, starvation, and death as the cure.
The global economy was booming as 2020 dawned, but within a few short months wreckage, death, and desperation borne of economic contraction were the new normal. What happened?
In When Politicians Panicked, economic commentator John Tamny tells the heart-wrenching story of a time when politicians were tragically relieved of basic common sense in their response to the new coronavirus.
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Transcript
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| 1:02.9 | I'm John Batchel. This is the new John Batchel show on CBS Audio Network and in my conversation with the author John Tamney, his new book when politicians panicked, the new coronavirus, expert opinion, and a tragic lapse of reason. It is now late March, early April, and Washington is engaged. The 20th century called it command economy. |
| 1:31.2 | I don't believe that word was used in April in any negative fashion, but it was the same. |
| 1:38.0 | The economy of the United States was about to be nationalized, admittedly, half-heartedly, |
| 1:43.9 | but the effect is still with us. |
| 1:46.6 | John, no such thing as government investment, and yet that's how it was presented. |
| 1:52.0 | No such thing as government picking winners, and that's how it was protected. |
| 1:56.0 | In addition, John, there's no such thing as a government choosing who's going to lose if we don't intervene. |
| 2:01.1 | That's what happened. |
| 2:02.2 | You have a wonderful quote from Adam Smith, 1776 Adam Smith, that careful Scotsman, that capital |
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