Episode 166: The Economics of Optimism

Apr 15, 2020

Vernon Smith, winner of the 2002 Nobel Prize in economics joins us on this episode to talk about the economic impact of the coronavirus and why, though we will have to push through some pain, we can be optimistic about the future.

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Quick Hits

Sweden’s Approach to Coronavirus

https://www.cnn.com/2020/04/10/europe/sweden-lockdown-turmp-intl/index.html

Non-essentials

https://www.businessinsider.com/costco-walmart-target-stop-selling-non-essential-items-select-states-2020-4

Michigan Governor

https://dailycaller.com/2020/04/11/gretchen-whitmer-gardening-seeds-non-essential/

Foolishness of the Week

Pope Francis – On Universal Wage

https://www.businessinsider.com/pope-francis-it-might-be-time-to-consider-universal-basic-wage-2020-4

On “Nature’s Response”

https://thehill.com/policy/energy-environment/491734-pope-says-coronavirus-outbreak-may-be-one-of-natures-responses-to

Topic of the Week

Vernon Smith – USA Today & WSJ

https://www.chapman.edu/our-faculty/vernon-smith

https://www.usatoday.com/story/opinion/2020/03/23/coronavirus-economy-lives-suspense-not-wall-street-crash-column/2898448001/

https://www.wsj.com/articles/the-economy-will-survive-the-coronavirus-11586103392
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