Massie laid it all out in an interview on Monday with the Ron Paul Liberty Report.

President Trump would do well to end this ridiculous shutdown so that Americans can get on with their lives and get back to work.

Contrary to Fed assumptions, we are not presently facing a problem of liquidity vis-à-vis Great Recession; we are confronted, instead, with a serious shortage of quality collateral

“[A]t some point soon, we’re going to have to make some real decisions about what kind of a calamity we are causing through this lockdown of our economy.”

These are truly unprecedented times, and the level of economic suffering that we are already witnessing is off the charts.

Economic depression in America could have been avoided.

Real higher wages can’t be created with a government fiat. Worker productivity must first be increased through greater investment

With each passing recession, the Fed finds it harder to refuel the last bubble, but the market moves on to the new bubble as the Fed keeps interest rates artificially low.

Central banks have created a brittle economy without real savings and without much room to maneuver

And unfortunately this time the crisis will be far worse…

Nearly 3.3 million claims were filed in the week ending March 21, smashing the 1982 record

The catastrophic impact of the coronavirus shutdown is now spreading to even formerly impregnable sectors