Jay W. Richards: Are Lockdowns Doing More Harm Than Good? The Price of Panic Author

Jay W. Richards talks about the economic costs of lockdowns ordered by government officials on advice from experts. He questions whether the experts weighed the economic costs of their recommendations and challenges the usefulness of complex statistical models to predict the future.
0:00 Introducing Jay W. Richards
3:05 It’s the first time the entire world has shut itself down.
4:44 Polls are complex statistical models that are only as good as the assumptions used
6:25 Focused strategy on the at-risk population
7:20 Jay estimated 75,000 excess deaths of despair in 2020
9:35 What caused people to panic?
10:52 The media's incentive to panic people
13:01 Radical disruption of the economy
11:25 What is the ‘tyranny of experts’?
18:27 Common sense is not as common as we’d like it to be.
19:25 Insiders exploit financial crisisShow more

Learn More: https://www.jasonhartman.com/

Listen to the podcast: https://www.jasonhartman.com/podcast/

Have questions or topics you want me to do a video on? Let us know in the comments below. If you love real estate investing, SUBSCRIBE!

#jaywrichards #lockdowns #thepriceofpanic