0:00.0	Get Rich Education is brought to you by Ridge Lending Group, apartment investor mastery, and producers' wealth. You're listening to the show that has created more passive income for people than nearly any show in the world. This is the powerful Get Rich Education. The President get rich education welcome welcome to get rich education i'm Weinhold. Yes, you are back where you belong.
0:40.0	You are in that abundant place where financially free beats debt-free. Well, today we're talking
0:47.1	about freedom and free markets as we discuss rent control and some real estate investing
0:53.3	problems today. Now, you as a real estate investor
0:57.4	generally operate in a free market. You more or less pay market value for a property when you
1:05.5	buy and then you rent the property to a tenant for a number of years, typically at market rent
1:10.1	and at the rent
1:11.7	amount that the market will bear. And then down the road, you'll sell the property for something
1:17.5	near a market value price. What we're going to talk about when an outside force comes in and disrupts
1:24.6	all of that for you that I just described. Now, first, let's look at intended versus unintended consequences and the economy that you
1:34.3	live inside and what is seen versus what is unseen.
1:39.8	It is from Henry Haslitt's broken window fallacy in economics, which is different, coincidentally,
1:47.1	than when our guest last week brought up the broken window theory from psychology.
1:52.2	A young hoodlum heaves a brick through the window of a baker's shop.
1:58.6	The shopkeeper runs out furious, but the boy is gone. Well, a crowd
2:03.8	gathers on the sidewalk and they begin to stare with quiet, almost satisfaction at the gaping
2:09.7	hole in the window and the shattered glass over the bread and pies of the bakery.
2:16.8	After a while, the crowd feels the need for some philosophic
2:20.2	reflection, and several crowd members are almost certain to remind each other or even remind
2:25.3	the baker that just had the loss, that you know what? After all, this misfortune does have its
2:31.2	bright side. At least it will make new business for some window fitter
2:37.0	when they come out to replace the window.
	...

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