Today's Flash Back Friday is from episode 677 first published on May 23, 2016.
Jason's guest today George Gilder, has a brilliant way of looking at the world. He is back for his second interview and this time they are discussing his new book The Scandal of Money: Why Wall Street Recovers but the Economy Never Does. George has also authored Wealth and Poverty. He is the Co-founder of the Discovery Institute, one of the original pillars of supply-side economics and a former speechwriter for Ronald Reagan while Reagan was running for President. He says "You can print money but you can't print value."
Key Takeaways:
2:25 The whole world is being controlled by algorithms.
6:24 The 1031 exchange allows you to exchange one property for two and improves cash flow.
George Gilder Guest Interview:
10:27 The closed loop economy is not the fault of Capitalism, it is the Federal Reserve and the Obama Administration.
13:23 Because of regulations and restrictions companies don't want to go public.
16:45 Supply-side surges the economy up by enabling creativity and growth.
21:51 How is the Fed keeping a closed loop economy?
26:38 The goal of the future is to dismantle this paralyzing regulatory apparatus and reforming the Fed.
28:41 China has demographic problems but they have a massive expansion of venture capital.
Mentioned in This Episode:
Jason Hartman Properties
Cincinnati Property Tour Sign Up
Wealth and Poverty
The Scandal of Money: Why Wall Street Recovers but the Economy Never Does
Discovery Institute
Creating Wealth Real Estate Investing with Jason Hartman