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Episode 040: Dr. Ed Yardeni, host Rick Ferri

Bogleheads On Investing Podcast

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Are the Contrpeners a Robber Baron?

Antrapiners are driven by the profet motive to bring us goods and services that improve our standard of living. Their top concern isn't a selfish concern, it's how am i going to get rich? And then all of a sudden they say, my goodness, i've done it. They wind up doing extremely well because people are buying what they're selling. But again, it's like the henry ford insight. Henry ford decided to raise the mont of money he pays is workers ecause he wanted to make sure he had enough customers who could afford to buy his carsad we're well past that point in our economy and society.

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