American Monetary Association

Jason Hartman
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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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Mar 22, 2019 • 32min

263: Why the Global Growth Rate Has Been Subpar with Chris Martenson

Jason Hartman talks with Chris Martenson, co-founder of PeakProsperity.com and co-author of Prosper: How to Prepare for the Future and Create a World Worth Inheriting, about how the era of abundant, cheap energy is gone and our world needs to change with it. That doesn't mean abandoning everything we have now, but just recognizing the actual situation and adjusting our investments/behavior accordingly. Chris and Jason also discuss the future, and whether we're going to see inflation, deflation, or a little bit of both. Key Takeaways: [2:03] We're coming up to a time when humans are going to have to organize ourselves in very different ways [4:48] There are 2 ways humans change [10:01] It's getting costlier and costlier to get less and less oil out of the ground [12:36] The easy, cheap energy from the past is gone, which explains why the global growth rate for the last 15 years has been subpar [18:37] We're beginning to see that raising children in a dopamine heavy technological world is creating issues we hadn't expected when it began [23:30] We have a lot of debt in our society, so deflation is ready to take over Website: www.PeakProsperity.com
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Mar 15, 2019 • 21min

AMA 262: Getting America Out of Debt with Jason Franciosa

Jason Hartman talks with Jason Franciosa, CEO & co-founder of Element 26, about the time value of money. Both Jason's are concerned about inflation, and the two look at ways you can maintain your leverage so your returns can beat inflation, as well as how you can utilize your home loans to house hack (especially if you're in the military). Key Takeaways: [5:15] Jason's 6 ways governments can get out of debt [7:48] The time value of money [12:26] You have to have a way to maintain the leverage you have [17:10] How you can utilize house hacking Website: www.JasonHartman.com/Masters www.Element26.co
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Mar 9, 2019 • 34min

AMA 261: 2 Ways to Look at Inflation with Dan Amerman, CFA

Jason Hartman talks with Dan Amerman, CFA and author of books such as Mortgage Securities and Collateralized Mortgage Obligations: Unlock The Secrets Of Mortgage Derivatives, about how a heavy handed Fed has changed how inflation and housing have correlate to each other, why the Fed reacts to quickly, what the Fed is setting interest rates up to do, and much more. Key Takeaways: [2:45] The Federal Reserve is getting more heavy handed as years go by, and hints of a coming recession could lead to more intervention [7:39] Housing tracked inflation better than gold until the Federal Reserve got real heavy handed after 2001 [12:28] The Fed reacts too quickly to things [14:07] Dan's prediction of where interest rates are about to head [19:51] Certain Fed actions and yield curve inversions seem to have a correlation [23:25] The 2 ways to look at inflation [26:47] The self-liquidating debt Website: www.JasonHartman.com/Masters www.DanielAmerman.com
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Mar 1, 2019 • 27min

AMA 260: Why The Survival of Our Republic Depends on the Revival of Honor with Dr. Gina Loudon, President Trump's 2020 Media Advisor

In this off-topic 10th show, Jason Hartman speaks with Dr. Gina Loudon, co-host of America Talks Live on NewsmaxTV, certified hypnotherapist, founding writer at Breitbart and official Trump campaign surrogate, spokesperson to Donald Trump's 2016 Presidential campaign and member of the President's 2020 Media Advisory Board. The two discuss the political divide that's present in today's society and whether it's worse now than it's been in the past. They also discuss the 3 types of people in the world and how President Trump is one of the most misunderstood people on the planet. Key Takeaways: [4:04] We frequently forget to look at the WHY all this division is going on [7:05] Are we really divided more now or is it all just sensationalized? [12:17] The USA is actually living in the most healthy, happy, prosperous and safest times in history [17:00] The monologue media vs the dialogue media [18:17] The 3 types of people in today's world [22:17] Gina says President Trump is one of the kindest and loyal people she's ever met Website: www.JasonHartman.com/Masters www.DrGinaLoudon.com www.DrGinaShow.com
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Feb 24, 2019 • 32min

AMA 259: Value & Technology Displacement with Rohit Talwar

Jason Hartman talks with Rohit Talwar, founder of Fast Future Publishing and author of A Very Human Future, about what we can do about the large companies who seem to be in a winner take all society, how life and body hacking are going to change the world, and more. Key Takeaways: [3:27] What is value? [10:30] The 4 views people have of companies like Facebook and Google [14:06] 3 types of exponential thinking [18:24] Rohit's example of pooled insurance [23:08] What are we going to do with the people who are displaced by technology? [26:13] Body hacking may give us advantages in areas that won't matter in the future due to automation [27:37] What we need to change in order to have a more optimistic future Website: www.JasonHartman.com/Masters www.FastFuture.com

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