American Consequences - May 2020

Societal chaos will result from not allowing people to choose their own actions based on their own levels of risk tolerance. they don’t, the outcome will be many preventable deaths and societal chaos in some locations, followed by a somewhat worse recession as more draconian measures will be needed to get back on track. Extreme Value , for my paid subscribers... If the world’s governments act quickly and decisively enough, we’ll likely be able to slow and stop the spread of COVID-19... and we’ll see a global recession. If I said something similar on a recent episode of the Stansberry Investor Hour podcast. One of my guests, money manager Kevin Duffy, called me out on my flawed thinking with a very thoughtful e-mail. I thanked him for the whack on the side of the head and freely admitted the mistake of assigning government such a role. The truth is the exact opposite of what I first suggested... Societal chaos will result from not allowing people to choose their own actions based on their own levels of risk tolerance. (Porter Stansberry’s recent American Consequences essay on The “Big Lie” Behind COVID-19 hit this nail on the head.) It might look like a rigidly mandated order from the government. But in fact, it’s a system for breeding chaos, including the real

into saws, axes, motors; the growing of hemp and bringing it through all the stages to heavy and strong rope; the logging camps with their beds and mess halls, the cookery and the raising of all the foods. Why, untold thousands of persons had a hand in every cup of coffee the loggers drink! It continues in similar fashion through every step of the production process until Read points out... If you can become aware of the miraculousness which I [the pencil] symbolize, you can help save the freedom mankind is so unhappily losing. Given the coronavirus lockdowns, we’d have to change that last bit to read, “the freedom mankind has unhappily lost and desperately needs to regain before it’s too late.” Read provides some insight as to how we could all be OK with the government shutting everything down... Once government has had a monopoly of a creative activity such, for instance, as in the delivery of the mails, most individuals will believe that the mails could not be efficiently delivered by men acting freely. That’s why people think only governments can build roads... even though that’s clearly not true. Likewise, lots of people mistakenly believed that only a government-mandated shutdown could properly address the threat of the coronavirus. I know... because I made that mistake . As I wrote in the March issue of my newsletter,

American Consequences


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