Ken McElroy: Trickle-Up & Socialist Economics After Coronavirus

Will we see a comeback for trickle-up economics and socialist economics after the Coronavirus pandemic?

Ken McElroy interviews Jason Hartman about the dire current economic situation, and what is coming in the future. First, they look at Supply and Demand. In this case, demand is falling off because people are staying at home and don’t want to go shopping. On top of that, supply is also on the decline.

Second, trickle-up economics is happening. Every contract in the world is now being renegotiated. People can’t pay their rent, so landlords aren’t able to collect payments. It’s like playing a game of hot potato where everyone passes it down the line.

Finally, it is important to consider that technology is taking jobs, and now that social distancing is required, there will be fewer available jobs. However, despite these negative occurrences, the dollar is backed by the military and that will not change anytime soon.

Learn More: https://www.jasonhartman.com/

Listen to the podcast: https://www.jasonhartman.com/podcast/

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