facebook pixel
New Ideal - Reason | Individualism | Capitalism
Smartphone showing coronavirus stock market crash

Experts Assess Pandemic’s Damage to the Economy

The COVID-19 pandemic is having a negative impact on all aspects of human life, and the U.S. economy is no exception. The virus outbreak and governmental reactions to it have sent the stock market crashing and dealt a major economic blow.

In a special installment of our webinar series Philosophy for Living on Earth, the Ayn Rand Institute’s chief philosophy officer, Onkar Ghate, sat down with finance and economics specialists Yaron Brook and Rob Tarr to talk about the effects of the virus and government intervention on the markets and the economy. The discussion covered many aspects of the ongoing financial crisis and approached the topic from a perspective informed by the philosophy of Objectivism.

Some of the questions covered in the discussion include:

  • How does this crisis compare to the 2008 crisis?
  • What did the markets look like before the pandemic hit?
  • How has the coronavirus affected the markets?
  • What will be the short-term and long-term consequences of the measures taken by the Fed?
  • What is an optimistic, yet realistic, scenario for the future, and what can we learn from this crisis?

Stay tuned for future installments of our webinar series, where we will continue to analyze the effects of the pandemic from the principled perspective of Ayn Rand’s philosophy. And please consider donating to ARI if you value our unique and rational evaluation of this crisis.

Watch the full discussion between Ghate, Brook and Tarr, below.

Audio only:

Subscribe to New Ideal to receive the latest in-depth content from ARI.

Readers seeking a superior print result may wish to download the free Just Read app.

Do you have a comment or question?

Share this article:

Agustina Vergara Cid

Agustina Vergara Cid, LLB and LLM, is an associate fellow at the Ayn Rand Institute and an opinion columnist at the Orange County Register.

Updates from New Ideal

Book Image  

Listen to New Ideal Live!

New Ideal Live is the podcast that explores pressing cultural issues from the perspective of Ayn Rand’s philosophy, Objectivism, which upholds the ideals of reason, individualism, and capitalism.

Subscribe here.

Ayn Rand University App

Explore unique philosophical content that challenges conventional views — in courses you can take on the go.

Available on Google Play and
the App Store.

Welcome to New Ideal!

If you like what you’re reading, be sure to subscribe to our weekly newsletter! You’ll also receive a FREE copy of our book, Illuminating Ayn Rand.