Tucker questions what’s going on in our current economy, why it’s happening and where it’s going. Highlights include:
“What happens when you crush entire sectors of your own economy for neraly two years, and then, to compensate for your crime, you decide to inject trillions of dollars of freshly printed cash into the system?”
“Honestly, we don’t really know what happens when you do that because no one in history has ever been stupid enough to try it.”
“Political leaders devalue the currency for short term gain. In the end, this leads to long term collapse. ‘Debasing the coinage,’ that’s what they used to call it.”
“Every government devalues its currency at some point. They do it because it’s irresistible, you can’t not do it. If you do it, you get free money and you don’t have to raise taxes. It seems like a great idea, but in the end every government pays the price for doing this, or more precisely, its citizens do.”
“At the very same moment we have both too many workers and also too few workers.”
“That does not make sense. How can that possibly be happening? And again, we’re going to be honest and tell you we’re not entirely sure how it’s happening, no one is entirely sure.”
“But we can tell you, it’s definitely not natural. This is not how markets are supposed to work, this is not a good sign.”
“The incentives that we’ve constructed in this country, over a long time to be fair but accelerating recently, have a very specific effect. Those policies reward people who don’t want a job and they punish people who do want a job. What they do is they degrade work, they strip it of its inherent meaning.”
Watch the video below and tell us what you think in the comments.
