CW 677 - George Gilder - The Scandal of Money, Why Wall Street Recovers But The Economy Never Does, Discovery Institute, Supply Side Economics, Speechwriter for Ronald Reagan
Jason's\xa0guest today George Gilder, has a brilliant way of looking at the world. He is back for his second interview and this time they\xa0are 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 \u201cYou can print money but you can\u2019t print value.\u201d
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Key Takeaways:
Jason\u2019s Editorial:
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[2:12] The whole world is being controlled by algorithms.
[6:11] The 1031 exchange allows you to exchange one property for two and improves cash flow.
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George Gilder Guest Interview:
[10:01] The closed loop economy is not the fault of Capitalism, it is the Federal Reserve and the Obama Administration.
[12:57] Because of regulations and restrictions companies don\u2019t want to go public.
[16:22] Supply-side surges the economy up by enabling creativity and growth.
[21:25] How is the Fed keeping a closed loop economy?
[26:12] The goal of the future is to dismantle this paralyzing regulatory apparatus and reforming the Fed.
[28:15] China has demographic problems but they have a massive expansion of venture capital.
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Mentioned in This Episode:
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The Scandal of Money: Why Wall Street Recovers but the Economy Never Does