In a telephone interview on CNBC’s Squawk Box, Senator Ted Cruz argues that many of the changes Americans are making to cope with lockdowns, unemployment, kids at home and general fears over the coronavirus are bound to be long-lasting, altering the face of the economy and daily life.
His position bolsters why cryptocurrency proponents believe that the case for Bitcoin and its numerous cousins will become more clear as more people understand how they function, without physical bank branches and the employees who are needed to settle transactions around the world.
Cruz tells host Andrew Ross Sorkin that Americans are moving toward all things digital.
“I think this crisis changes everybody, and let me talk both about ‘us’ as a people and then ‘us’ as politics. Us as a people – the economic repercussions – I think are going to be far-reaching. You’ve got millions of people now learning to work from home. I’m sitting here in my living room doing an interview on the phone.
I’ve been working from home now for weeks. There are a lot of people who are learning, between telephone and email and teleconferencing, that you can do an enormous amount in your house.
This morning both my girls start doing distance learning at school. So we’ve got them set up, each one on a different computer in a different room in the house. And I think you’ve got millions of people that are functionally homeschooling, whether they wanted to or not.
And then, in terms of how people get goods and services – I don’t know a person who isn’t using UberEats or DoorDash or whatever app they have to get food delivered to their house,