Jason Hartman starts off today’s episode with a little talk on where interest rates may be headed (according to one economist) and how that would impact current real estate investors. Hint: it’s a pretty good thing. He also has to throw in a qualifier to his “Amazing time to be alive” mantra, because there are a few things that aren’t amazing right now.
Then Jason finishes up his interview with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money, as the two discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all.
[4:12] A qualification to the beloved Jason mantra of “It’s an amazing time to be alive”
[7:18] Let Jason control the music and he cares not who controls the laws and the money
[12:13] What Martin Armstrong thinks interests rates will be jumping to
[15:28] Investors already in the game are praying for higher interest rates
John Tamny, Part 2
[20:18] Automation is going to lead into a surge in new kinds of jobs
[25:00] The demand for entertainment and service is going to explode
[26:49] Tamny’s Law: as prosperity grows more and more people escape laziness because they find work they love
[28:29] John’s thoughts on Universal Basic Income