Pandemic Spending Puts Economies on Path to Argentina

Fergus Hodgson, May 15, 2020

Since the onset of the COVID-19 pandemic, governments across the world have kept printing currency like there’s no tomorrow. Helicopter money, once a radical idea, is the new normal.

Economist Federico Fernández has seen the future of such policies in his own country, Argentina. A senior fellow with the Vienna-based Austrian Economics Center and president of the Bases International Foundation, he believes the central-banking house of cards is crumbling.

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This week, we interview Peter Hemstead, CFO of Bluestone Resources (TSX-V: BSR), who explains how the firm keeps raising funds for its ongoing gold exploration project in Guatemala.

Recommended Links

• Connect with Federico on Twitter.
• Visit the Austrian Economics Center, Bases International Foundation, and Somos Innovación.
• “US National Debt at Record $25 trillion, Budget Deficit in April at $738 billion,” Center Square.
• “Pandemic Bills Are So Big, Only Money-Printing Can Pay Them,” Bloomberg News.
• “Innovation and the Trouble with the Precautionary Principle,” by Adam Thierer.
• “Argentina on Brink of Ninth Debt Default,” Financial Times.

If You Liked This Episode

• “Don’t Cry for the Peso, Argentina,” Gold Newsletter Podcast.
• “Bob Murphy: US Stock Market Overdue for a Tumble,” Gold Newsletter Podcast.
• “A Bubble Like Never Before,” Gold Newsletter Podcast.
• “Pandemic Helicopter Money Exports Inflation,” Gold Newsletter Podcast.

Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.