September 7, 2021
The US Economy in the Aftermath of the COVID-19 — Recession

Jack Rasmus is back on Smart Talk to discuss the state the of the US economy after the pandemic-induced recession.

In this episode, he exposes the duality in the economy, with an over-performing financial sector (thanks to the Fed’s preventive bailouts) and a sluggish real economy. According to Dr. Rasmus, this growing disconnect causes a “crowding out effect” with less money flowing into real assets that generate incomes for businesses and workers as well as create the tax base.