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Content provided by Jason Hartman, Jason Hartman with Ben Carson, Noam Chomsky, Robert Kiyosaki, John McAfee, Brian Tracy, John Sculley, Thomas Sowell, Pat Buchanan, Jim Rogers, John Gray, Harry Dent, Bill Ayers, Steve Forbes, Daniel Pink, Todd Akin, Meredith Whitney, and Denis Waitley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jason Hartman, Jason Hartman with Ben Carson, Noam Chomsky, Robert Kiyosaki, John McAfee, Brian Tracy, John Sculley, Thomas Sowell, Pat Buchanan, Jim Rogers, John Gray, Harry Dent, Bill Ayers, Steve Forbes, Daniel Pink, Todd Akin, Meredith Whitney, and Denis Waitley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
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CW Blogcast 43 - When will we shut up about inflation?

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Manage episode 164424954 series 1295539
Content provided by Jason Hartman, Jason Hartman with Ben Carson, Noam Chomsky, Robert Kiyosaki, John McAfee, Brian Tracy, John Sculley, Thomas Sowell, Pat Buchanan, Jim Rogers, John Gray, Harry Dent, Bill Ayers, Steve Forbes, Daniel Pink, Todd Akin, Meredith Whitney, and Denis Waitley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jason Hartman, Jason Hartman with Ben Carson, Noam Chomsky, Robert Kiyosaki, John McAfee, Brian Tracy, John Sculley, Thomas Sowell, Pat Buchanan, Jim Rogers, John Gray, Harry Dent, Bill Ayers, Steve Forbes, Daniel Pink, Todd Akin, Meredith Whitney, and Denis Waitley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

The answer to the question posed in the headline is “When hell freezes over” or, to put it more politely, “Never.” We feel pretty sure in making such a definitive statement because there is no logical way inflation will ever stop being a serious economic issue as long as our wrongheaded politicians think increasing the money supply is going to solve every problem.

How does the government cause inflation?

We love a good conspiracy theory as much as anyone but this time it’s straight forward. Money supply drives inflation for the overall economy. When the government increases the amount of money in circulation while, at the same time, the amount of goods and services remains flat or even decreases, you get what we’ve had for 40 years – a steadily weaker dollar and an annual inflation rate of 10%. Yeah, yeah, we know the government claims it’s only about 4% but that, friends, is a load of horse you know what.

The real problem with inflation is that it erodes the value of all dollar denominated assets like home equity, savings, CD’s. The great part is that liabilities like debt also has its value eroded. This is why we say have your assets denominated in physical things (like property and houses) and your liabilities denominated in debt.

Understand that last sentence, and you're halfway to rich already.

  continue reading

79 episodes

Artwork
iconShare
 
Manage episode 164424954 series 1295539
Content provided by Jason Hartman, Jason Hartman with Ben Carson, Noam Chomsky, Robert Kiyosaki, John McAfee, Brian Tracy, John Sculley, Thomas Sowell, Pat Buchanan, Jim Rogers, John Gray, Harry Dent, Bill Ayers, Steve Forbes, Daniel Pink, Todd Akin, Meredith Whitney, and Denis Waitley. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jason Hartman, Jason Hartman with Ben Carson, Noam Chomsky, Robert Kiyosaki, John McAfee, Brian Tracy, John Sculley, Thomas Sowell, Pat Buchanan, Jim Rogers, John Gray, Harry Dent, Bill Ayers, Steve Forbes, Daniel Pink, Todd Akin, Meredith Whitney, and Denis Waitley or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

The answer to the question posed in the headline is “When hell freezes over” or, to put it more politely, “Never.” We feel pretty sure in making such a definitive statement because there is no logical way inflation will ever stop being a serious economic issue as long as our wrongheaded politicians think increasing the money supply is going to solve every problem.

How does the government cause inflation?

We love a good conspiracy theory as much as anyone but this time it’s straight forward. Money supply drives inflation for the overall economy. When the government increases the amount of money in circulation while, at the same time, the amount of goods and services remains flat or even decreases, you get what we’ve had for 40 years – a steadily weaker dollar and an annual inflation rate of 10%. Yeah, yeah, we know the government claims it’s only about 4% but that, friends, is a load of horse you know what.

The real problem with inflation is that it erodes the value of all dollar denominated assets like home equity, savings, CD’s. The great part is that liabilities like debt also has its value eroded. This is why we say have your assets denominated in physical things (like property and houses) and your liabilities denominated in debt.

Understand that last sentence, and you're halfway to rich already.

  continue reading

79 episodes

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