Today’s Flash Back Friday comes from Episode 1003, originally published in May 2018.
Jason Hartman kicks off the show with listener Nate and his mom discussing what was learned during the recent Creating Wealth seminar, as well as getting some tips about how to create long-term tenants who are understanding of rent increases.
Then Jason talks 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 about why he believes the Fed doesn’t have anywhere near the power they’re given credit for, why their policies aren’t effective in today’s world, and why demographics may not be as useful as they’re believed.
[5:01] If your tenants are there too long it might be a sign your rent is too low
[10:22] Some tips on long-term tenant retention
[14:49] Evictions don’t just stem from not paying rent
John Tamny Interview:
[19:57] How Uber made John realizing something about the Fed
[23:40] The importance of the Fed is vastly overstated
[28:42] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn’t realistic
[31:39] Demographic arguments regarding Japan don’t hold a lot of weight with John
[35:26] Money flows to its highest use, regardless of the Fed