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

A leading economist shares why crisis time monetary policy is saving zombie companies while hurting small businesses and startups.

Jul 7, 2020

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ABOUT

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

HOST

CoinDesk

CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies.

We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.