American Monetary Association

Jay W. Richards is an Assistant Research Professor in the Busch School of Business and Fellow of the Institute for Human Ecology at The Catholic University of America.  Jay W. Richards talks with Jason Hartman about a few areas of poor practice when dealing with COVID-19. He breaks down how some of the panic began and was then exacerbated by the media.  Books: The Price of Panic: How the Tyranny of Experts Turned a Pandemic into a Catastrophe The Human Advantage: The Future of American Work in an Age of Smart Machines Infiltrated: How to Stop the Insiders and Activists Who Are Exploiting the Financial Crisis to Control Our Lives and Our Fortunes Key Takeaways: [3:00] The response COVID-19 might’ve been too much? It’s the first time the entire world has shut itself down.  [7:00] What’s the price of the panic? [9:20] Why exactly did the panic happen? [12:30] When you radically disrupt an economy, you kill people.  [14:00] What or who is the ‘tyranny of experts’? [17:45] Common sense is not as common as we’d