BREAKDOWN: Central Banks Cannot Print Jobs: Understanding Real Economic Recovery, Feat. Daniel Lacalle

Today on the Brief:

Social media apps get caught in geopolitical tensions 

Pitchforks around the Paycheck Protection Program 

Brazil blocks Binance

This episode is sponsored by Bitstamp and Crypto.com.
Our main discussion is with Daniel Lacalle. Daniel is chief economist at Tressis and is the author of numerous books including “Life in the Financial Markets,” “Escape from the Central Bank Trap” and his most recent, “Freedom or Equality.” He has been named one of the 100 most influential economists in the world by Richtopia. 
In this conversation, he and NLW discuss:

Why the recovery will likely be “L” shaped and uneven, not “V” shaped

Why the “bailout of everything” undermines capitalism and promotes zombie companies that can’t service their debts

Why zombie companies crowd out space for startups and small businesses 

How government programs can incentivize relationships with government over strong business practices 

How the current economic crisis could become a banking crisis

Find our guest online:
Website: dlacalle.com
Twitter: @dlacalle_IA
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