American Monetary Association

Jason Hartman
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Jun 8, 2019 • 33min

274: Ominous Signs & the Search for the Next Recession

Jason Hartman and Kerry take today to look at some of the signs in our economy today that don't point toward a rosy future. But don't take that to mean the sky's falling and we're headed for a doomsday scenario, we've still got some runway left. The two also discuss how self-management can show you things that you wouldn't have known just sticking with a property manager. You don't HAVE to self-manage, but it's important to know how to self-manage so you don't get taken advantage of by your current manager. Key Takeaways: [1:27] There are ominous signs out there for the economy, so we'll see how much longer it can hold them off [4:36] For the first time in a long time, Kerry is bullish on the New York real estate [12:01] Where will the next recession come from? [15:53] There's an urgency that you need to do something now rather than waiting around [19:52] Why Kerry thinks Indiana has been the longest running market for Jason's company [24:07] Utilize your tenants as your assets [29:39] If you choose to self-manage, remember to track ALL of your expenses Website: www.JasonHartman.com/Properties
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May 31, 2019 • 23min

273: How to Build a Startup Country with Patri Friedman

Jason Hartman talks with Patri Friedman, Executive Director of The Seasteading Institute, about creating new countries using the seasteading technique. Patri discusses how the concept would work in today's environment and why it's not absurd to think of a country being created on the water. It's coming sooner than you expect. Key Takeaways: [1:12] What is seasteading? [6:05] Why not just buy land from a country rather than doing everything out at sea? [10:04] Patri's goal is seeing governments competing for citizens by treating them best [13:41] How do you deal with security when you're in the middle of the ocean? [18:02] What are these seasteads going to do for currency? Website: www.Seasteading.org www.Twitter.com/Patrissimo
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May 24, 2019 • 17min

272: Trying to Cure Trade Imbalance w/BBC, Forbes & Bloomberg's Jeff Ferry

Jason Hartman talks with Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what's going on with the US trade war. Jeff has some ideas on how to close the gap between the US and the rest of the world, but Jason has some questions about whether they would cause inflation. They also look into America's manufacturing sector and why we need to ramp it back up. Key Takeaways: [1:15] Jeff's thoughts on the current trade situation [5:31] One of Jeff's solutions for helping cure the trade imbalance is to reduce the value of the dollar [9:25] How would devaluing the US economy impact our purchasing goods from other countries and how would it impact the economy at home? [12:37] You have to have capital formation for a society to create wealth Website: www.ProsperousAmerica.org
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May 17, 2019 • 27min

271: Future of Interest Rates & Appreciation with Rich Dad Advisor Ken McElroy

Jason Hartman talks with Rich Dad Advisor and multifamily property investor Ken McElroy about his recent sale of $300 million worth of property, as well as supply levels of multifamily properties, why Ken is still bullish on real estate and the future of interest rates. Key Takeaways: - Why did Ken choose this time to sell his properties and how did he do it? - Cap Rate fails to take appreciation into account - Is there an oversupply of multifamily that's causing rents to not grow as quickly? - What Ken has learned about his facilities for the 55+ community - Why Ken is still bullish on real estate - Capital always looks for safety in the US - The impact things like ride sharing and autonomous cars are having (and will have) on real estate - Ken's take on the future of interest rates Website: www.JasonHartman.com/Properties www.KenMcElroy.com
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May 3, 2019 • 24min

269: Getting To Your Home Equity Through Blockchain with Matthew Sullivan

Jason Hartman speaks with Matthew Sullivan, founder & CEO of Quantm Real Estate, about how his company is using blockchain and tokens to help homeowners pull equity out of their homes (whether owner occupied or investments). Matthew uses a few case studies to explain how much money you could extra, what you would owe his company, and how the secondary market works for the equity stake his company receives. Key Takeaways: [1:54] Matthew's company allows you to get equity out of your house without taking out another loan with a bank by buying some of the future value of your house [4:51] Case study: How much can you pull out if you were to have a $100,000 house with a $50,000 mortgage? [11:06] Why Quantum Real Estate goes through the hassle of creating a REIT and tokenizing them equity share [15:49] The effective "interest rate" for homeowners who realize their equity [19:59] Quantum Real Estate revalues their portfolio every 3 months so the secondary market can trade Website: www.JasonHartman.com/Properties
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Apr 30, 2019 • 34min

268: Understanding Modern Monetary Theory (MMT) by Professor Dr. Randy Wray, Levy Economics

Jason Hartman talks with Dr. Randy Wray, one of the foremost experts in Modern Monetary Theory, about why Minsky the philosopher is important, what exactly MMT is and why it's relevant in today's monetary society. They especially tackle the job guarantee program that MMT espouses and what's coming up for the US in the economy for the next few years. Key Takeaways: [1:26] Who is Minsky and why is he someone we should concern ourselves with? [4:43] What is Modern Monetary Theory and why is it applicable? [10:31] The governments going back to the colonies spends money into existence and then taxes it back to avoid causing inflation [13:38] Has all the money that was put into the economy during Obama's term been taken back out by taxes or is it causing inflation? [17:51] The test you need to use to discover if you're doing monetary policy correct [21:48] Spending during The New Deal greatly helped move our nation forward and allowed us to become the richest, most developed nation on Earth [25:49] The job guarantee that Dr Wray is focusing on now would involve a lot of care work, and it would be decentralized [28:58] What's coming up, economically, for the United States Website: www.Levy.org
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Apr 19, 2019 • 8min

267: Amazon's Pay Raise Deception

After a tour of an Amazon fulfillment center, Jason Hartman has an "investigative report" from the inside of a ride-sharing trip talking with a former employee of Amazon on how we have been misled a little by the company. Key Takeaways: [2:23] Amazon pickers are walking at least 10 miles a day to get orders together [4:08] The pay raise that Amazon gave their warehouse employees was offset by a slash in benefits Website: www.JasonHartman.com/Properties
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Apr 12, 2019 • 26min

266: Happiness & Objectivism According to Ayn Rand with Tal Tsfany, President of Ayn Rand Institute

Jason Hartman talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth. Key Takeaways: [2:28] What's happening with speech on college campuses is a result of progressive philosophies [4:16] What would Ayn Rand's political views be in today's world? [7:56] Ayn Rand's definition of happiness [11:23] Love is a goal or value that you pursue. It's a spiritual trade [15:20] Ayn's definition of selfishness [19:18] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms Website: www.AynRand.org
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Apr 5, 2019 • 25min

265: Inflation or Deflation on the Horizon? with IMF's Raghuram Rajan

Jason Hartman talks with Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist and Director of Research at the International Monetary Fund (IMF), about how community has been weakened, which has allowed competitive markets and governments to get out of balance. They also discuss what jobs will remain after automation takes off even more, mortgage rates and whether we're headed toward inflation or deflation. Key Takeaways: [1:24] What the IMF is and how it differs from the World Bank [6:20] Massive technological change tends to hit an area and hurt before the benefits kick in later [9:30] After automation comes and takes many of the jobs, there will still be jobs that involve human interaction [14:51] Is Raghuram seeing inflation, deflation, stagflation or what in the coming years? [17:34] Are mortgage interest rates artificially low? [22:17] There's good deflation and bad deflation Websites: The Third Pillar: How Markets and the State Leave the Community Behind Raghuram Rajan at Chicago Booth School of Business
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Mar 29, 2019 • 29min

264: Corruption of Capitalism in America with Blackstone co-founder David Stockman

Jason Hartman talks with David Stockman, former budget director for President Reagan, former US Representative for the 95th Congress, former partner at The Blackstone Group and author of the new book Peak Trump: The Undrainable Swamp and the Fantasy of MAGA. The two discuss Reagan's failure to curtail spending like he'd originally wanted, the difficulty Trump is having actually "draining the swamp", the impact of increasing debt on inflation and whether it's sustainable. Key Takeaways: [3:01] Reagan got very little in way of his proposed spending cuts, but got a much bigger tax reduction than proposed, then defense spending exploded [6:42] Trump's problem was that he recognized the economy was failing but didn't have a program to address it [11:47] Does our escalating deficit mean inflation is on the horizon? [16:08] Is our private debt really that bad? [19:53] How investors should position themselves for the next few years [22:42] We've learned in the last decade that Central Banks can't cause inflation on a worldwide basis Website: Peak Trump: The Undrainable Swamp and the Fantasy of MAGA www.DavidStockmanContraCorner.com

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