1397: Macro-Addict: George Gammon, Inflation, Financial vs Real Economy, & Grow Smart, Not Big
Creating Wealth Real Estate Investing with Jason Hartman
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Show Notes
Jason Hartman is joined today in Medellin, Columbia with Macro-Addict, Entrepreneur, Investor, and Real-Estate expert, George Gammon. Jason and George discuss U.S. inflation when compared to Columbian inflation and the two different economies to consider. What does this mean for interest rates when considering inflation and taxes? What is the difference between bottoms-up and top-down analysis? And finally, grow smart, not big - the importance of building economic freedom.
Key Takeaways:
[2:32] Inflation in Columbia is 30-40% at times
[4:18] Is inflation always a monetary phenomenon?
[5:45] Two different economies, the financial economy, and the real economy
[7:45] Money is lent into existence
[9:45] Current interest rates in the U.S. are negative after inflation and taxes
[15:45] Bottoms up vs tops down analysis
[22:40] Grow smart, not big
[24:10] More economic freedom, not more revenue
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